The Situation

A leader in the industry that manages more than $14 billion in assets via more than 60 investment products wanted to start a hedge fund. This dominating force in the industry lacked the systems and processes required for providing thousands of monthly reports to the partnerships investing in their fund.

How Gemini Helped

Gemini used our robust open-architecture technology to not only maintain the books of the hedge fund but to also provide the complex monthly financial statements the partnerships required. Gemini continues to provide administrative and accounting support to the fund by performing various duties including calculating the daily NAV for the hedge fund and preparing partnership Federal tax returns and individual partner K-1s.

The Benefits

Gemini was able to save the client money by providing the administration and accounting services, including the cumbersome partnership reports. Due to Gemini's comprehensive services, our client did not have to invest in expensive technology or change their processes in order to start and maintain their hedge fund. Our client was able to get their fund to market quickly, saving time by not having to learn all the regulatory guidelines for hedge funds because Gemini performed those duties for them.