Gemini Alternative Funds has surpassed USD500 million in invested assets on its Galaxy Plus Fund managed account platform (MAP) as of August 2016.
The Gemini Companies provide investment companies with a single point of access to multiple solutions for pooled investment products.
The individual service firms within The Gemini Companies are Gemini Fund Services, Gemini Hedge Fund Services, Gemini Alternative Funds. They offer fund administration, accounting, technology, compliance and reporting. The Gemini Companies are backed by parent company NorthStar Financial.
"At a time when the demand for access to alternative strategies continues to increase, our platform enables investors to access alternative strategies from a variety of advisors with the same degree of transparency and control – and lower fees – they experience when investing in mutual funds," says David Young, president of Gemini Alt. "The rapid growth of Galaxy Plus is a testament to our ability to help investors create their own investing solutions for obtaining risk-managed returns and diversification with alternative strategies."
Gemini Alt launched the Galaxy Plus Fund platform in December 2014. Galaxy's open-architecture infrastructure provides all investors, regardless of investment size, an institutional-level investing experience. Galaxy Plus provides access to a variety of alternative investment strategies with lower investment minimums, transparency, access to near real-time data, notional funding capabilities, risk monitoring and management services, and frequent liquidity.
Gemini Alt conducts qualitative and quantitative due diligence on fund advisers, as well as counter-party risk assessments on all clearing relationships. In addition, Gemini Alt works with institutions to identify a cost-effective solution by building a dedicated managed account for investors to access alternative fund strategies on the platform.
Gemini Alt also leverages its sales and distribution network available through The Gemini Companies to help advisers reach a wide audience of investors, including mutual funds, family offices, high-net-worth individuals, pension plans, insurance companies, endowments and foundations, and private equity. As of August 2016, alternative strategies from 20 different advisers are fully funded and available on Galaxy Plus, including managed futures, commodities, real estate, hedge funds, foreign equities and derivatives contracts.
"Gemini Alt serves as a conflict-free 'one-stop shop' for investing in alternatives, benefiting both investors and advisors," says Andrew Rogers, chief executive officer of The Gemini Companies. "We will continue to deploy the vast resources and expertise under our umbrella to personalise and simplify alternative investing for these audiences."