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Gemini launches Northern Lights Fund Trust II


Gemini Fund Services has launched the Northern Lights Fund Trust II (NLFT II), its second shared mutual fund trust. Through the trust, Gemini is partnering with advisors to develop pooled investment solutions, focusing on alternative investment funds in order to help meet growing market demand.

"Gemini’s mission is to partner with advisors to develop pooled investment solutions that meet their specific vision and needs. We work one-on-one with advisors, helping them to define and implement their fund’s marketing and distribution plans," says Andrew Rogers, President of Gemini. "We expect continued growth in the alternative funds within our new trust as more advisors seek risk protection and diversification through alternative investment products."

NLFT II, like the first Northern Lights Fund Trust, is a shared mutual fund trust of independent funds, all managed by separate advisors. The original trust has proven very successful, doubling assets in 2010 and increasing by another 20% in the first quarter of 2011. To date, the original trust has almost 70 funds and more than USD5.6 billion in assets.

So far, advisors managing five funds have joined the new trust to gain operational efficiency, economies of scale, regulatory compliance and board oversight, and fund sales on a scale otherwise not achievable.

"Gemini enables small- and mid-sized funds to compete in an increasingly costly and regulated environment. Besides helping them to formulate their fund’s marketing and distribution plans, we introduce them to broker/dealers that fit their fund," says Rogers. "By setting up webinars with their representatives, taking advisors to their offices and even organising small conferences that showcase a particular fund, we will work to make a success out of every fund that joins our new trust."

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