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Alternative Market Briefing

Fund administrator Gemini reports 36% surge from hedge funds clients

Friday, January 12, 2018

Komfie Manalo, Opalesque Asia:

The Gemini Companies, a subsidiary of NorthStar Financial Services Group, reported a surge in hedge and alternative fund clients for 2017, and that it expects strong momentum to continue into 2018.

David Young, president of Gemini's hedge funds and alternatives business lines, commented on the robust influx of new funds, "We have a track record of responding rapidly when managers need to get to market with unique strategies, instruments, and specialized wrappers. Our team-based consultative approach enables us to support new investment structures, instruments, accounting methods, portfolio affects, and asset types."

Clients are attracted to Gemini's efforts to allow them become first movers with specialty fund offerings, such as digital asset class funds (e.g. cryptocurrencies) or emerging asset class funds, giving them a significant competitive advantage.

By leveraging Gemini's operational infrastructure, Young said clients are equipped with modern investor servicing tools and managed account platform options, which gives them the opportunity to expand their distribution networks, gain greater exposure, and successfully raise capital.

He added, " Gemini's full daily operational support, including trade aggregation, valuation, reconciliation, comprehensive financial reporting, NAV calculations, and risk reporting and analysis allows managers to scale thei......................

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