Gemini Continues Diversifying Platform for Alternative Managers

HAUPPAUGE, N.Y., Feb. 15, 2017 /PRNewswire/ -- The Gemini Companies ("Gemini") helped investment advisors launch 44 mutual funds and hedge funds, and more than 100 share classes, in 2016, and is further expanding the distribution and administration services available on its platform to help more fund managers—and investors—meet their goals.

"We are proud that our in-depth expertise and ongoing growth have made us a comprehensive provider of solutions where investment managers, and especially those managing alternative strategies, can receive the core services they need to bring their funds to market and increase their assets under management," said Andrew Rogers, Chief Executive Officer of The Gemini Companies. "This year, we are continuing to strengthen our integrated platform so we can support the launching and servicing of more pooled investment vehicles. The enhancements we have implemented over the past year also position us to empower investors to access alternative strategies with greater transparency, liquidity, and control."

Gemini's Galaxy Plus Fund, LLC managed account platform, which offers institutional and retail investors access to alternative strategies in a more transparent, liquid, and flexible managed account structure, surpassed $1 billion in total assets under management in January 2017. Strategies from 15 alternative managers were added to the platform in 2016, and this year, the platform will further broaden its selection of alternative strategies by offering access to a greater number of traditional hedge fund managers.

Other enhancements to the comprehensive Gemini service suite include:

• Lowering Barriers to Entry for ETF Managers: Gemini is applying its expertise and its distribution, administration, and risk management resources to help investment managers bring exchange-traded funds (ETFs) to market.
• Expansion of 529 College Savings Plan Management Offering: Gemini has partnered with three state 529 programs to provide fund administration, accounting, transfer agent, shareholder recordkeeping, and customer relationship services. Gemini hopes to work with more states to improve their 529 plans' operational efficiency and position them for scalable, long-term growth.
• Augmentation of Distribution Channels: Gemini has forged strategic relationships with Depository Trust & Clearing Corp. (DTCC) subsidiaries to strengthen distribution for alternative managers.

"Our platform provides a centralized solution for investment managers, but we are also dedicated to empowering pensions, endowments, and other financial institutions with the infrastructure to access alternative strategies without having to invest in hedge funds of funds," said Mr. Rogers. "We look forward to bringing a competitive edge to more advisors, institutions, and investors over the next year."

About The Gemini Companies

The Gemini Companies empower financial institutions with the operational and distribution infrastructure they need to bring their pooled investment products to market. In order to position financial institutions to succeed, Gemini works alongside them as engaged partners to challenge the status quo and identify innovative solutions to help them grow.

The Gemini Companies offer a multitude of comprehensive service options, including administration, distribution, compliance, accounting, state-of-the-art technology, EDGAR filing and printing services. Gemini customizes its tools and resources to best address the needs of each financial institution.

The Gemini Companies are subsidiaries of NorthStar Financial Services Group, LLC, which has more than 800 employees and over $509 billion in assets under management and administration as of January 31, 2016. For more information, please call (855) 891-0092 or visit www.thegeminicompanies.com.

3088-GAF-02/09/20177142 GFS-2/10/2017

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SOURCE The Gemini Companies