Gemini Fund Services’ Northern Lights Fund Trust has reached USD5 billion in assets under management, including more than USD1 billion in assets added in the past three months.
"Gemini’s mission is to serve as a full partner, and resource, to advisors looking to develop pooled investment products. We enable advisors to focus on managing portfolios and raising assets, while reducing the costs of bringing their products to market," says Andrew Rogers (pictured), President of Gemini Fund Services. "Our Northern Lights Fund Trust is experiencing robust growth as new funds continue to launch and existing funds add new share classes. Managed futures funds are especially seeing success in raising assets, reflecting the growth of that sector as well as effective marketing and distribution."
The Northern Lights Fund Trust is a shared mutual fund trust comprised of independent funds, all managed by separate investment advisors. Advisors have joined the trust, administered by Gemini, to counteract the increasing costs of doing business and increased level of regulatory compliance in the mutual fund industry. Fund trusts have proven to be a successful way for the small- to mid-sized mutual fund to compete and remain profitable.
"Gemini’s Shared Trust enables small- and mid-sized funds to compete in an increasingly costly and regulated environment. As more advisors look to launch specialised funds or annuities to meet their clients’ needs, Gemini is helping to improve their operational efficiency and distribution, while providing economies of scale not achievable by a solo fund," Rogers says. "We look forward to building on this growth and success in the years to come."
