Start-Up Mutual Fund
The Situation
An investment team comprised of a portfolio management services company and a brokerage
services company needed an additional platform to manage clients' assets. They were
interested in diversifying their investment offerings and broadening their distribution
opportunities. Starting a mutual fund would help them fulfill those goals but the
investment team didn't have the start-up experience necessary for starting a mutual
fund.
How Gemini Helped
Gemini brought the fund to market with our broad range of turnkey services. We handled
everything from the beginning planning stages to regulatory compliance and registration
to the fund becoming effective. The fund was started in Gemini's shared trust fund
family to take advantage of operational efficiencies and reduced start-up fund expenses.
Since the launch, Gemini continues to provide ongoing support for the fund through
our administration, accounting and transfer agency services.
The Benefits
The investment team was able to provide more diversified investment offerings to
their clients. Because Gemini handles the day-to-day operations of the fund, the
investment team is able to focus their time on managing portfolios and raising assets.
By launching the fund in Gemini's shared trust, expenses for auditors, fund counsel,
trustees, insurance and registration were reduced. The fund benefits from shared
compliance and board oversight with other funds as well as operational efficiencies
through Gemini's management of corporate, board and regulatory governance.