Bringing you live news and features since 2006 

Handshake 2

North Star partners with Gemini Fund to launch new mutual fund


North Star Investment Management Corp has partnered with Gemini Fund Services (Gemini Fund) to launch a new mutual fund, the North Star Bond Fund (NSBDX).

The Fund seeks to provide investors with monthly income by investing in a diversified portfolio of bonds issued by smaller companies.
The Fund normally invests at least 80 per cent of its assets in debt securities of any maturity, duration or quality in an attempt to generate income and preserve capital. Most of the bonds in its portfolio have been issued by companies with market capitalisations valued below USD2.5 billion – an area of the market which the Fund's portfolio managers believe includes many underfollowed companies. Nevertheless, North Star's Micro to Macro™ strategy gives the portfolio managers, who have 100 years of combined investment experience, the flexibility to invest in companies of any market capitalisation. The Fund may also invest up to 20 percent of its assets in preferred stocks and other equity securities.
"We are proud to help North Star Investment Management deliver this potential income-producing strategy to retail investors during the ongoing low-interest-rate environment," says Andrew Rogers, Chief Executive Officer of Gemini Fund. "As North Star's dedicated strategic partner, we look forward to utilising our expertise, technology and distribution relationships to grow the Fund's assets."
The Fund was brought to market through Northern Lights Fund Trust II, one of the shared mutual fund trust platforms operated by Gemini Fund. Gemini provides the Fund with administration, transfer agent, accounting and custody services, allowing North Star to spend more time managing the Fund and raising assets. Gemini is also working closely with the Fund's board of directors to ensure all compliance standards are met. In addition, Northern Lights Distributors, LLC (NLD), a sister firm to Gemini Fund, is facilitating introductions to broker-dealers for the Fund and assisting with key accounts activities. North Star has been a Gemini client since December 2011.
"Finding meaningful yields can be a challenge when interest rates remain low, but our new Fund attempts to remedy this situation by creating a diversified portfolio of bonds and preferred stocks from smaller companies, which we believe is a distinct focus among fixed-income funds," says Sheldon Goodman, Portfolio Manager at North Star and one of the Fund's portfolio managers.
"Our partnership with Gemini Fund enables us to assist yield-seeking investors while devoting more time to selecting the most promising securities for the Fund's portfolio," says Eric Kuby, Chief Investment Officer of North Star and one of the Fund's portfolio managers.

Latest News

REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX..
Allspring Global Investments writes that as it builds an investment platform for the future, it has filed for exemptive relief..
LSEG Lipper writes that ETF promoters in Europe enjoyed estimated net inflows (+EUR25.1 billion) for May 2024...
The European Fund and Asset Management Association (EFAMA) has published its 2024 industry Fact Book, which includes a foreword by..

Related Articles

Marcus Wayerer, Franklin Templeton
Franklin Templeton says that emerging markets are navigating a tricky environment at the moment, due to factors such as the...
Matt Barry, Touchstone Investments
Back in 2022, Cincinnati, Ohio-based Touchstone Investments launched its first four ETFs, having previously been predominantly a mutual fund company....
CN Tower, Toronto
The winners were announced in the second ETF Express Canadian awards at the event held at The Quay in Toronto,...
Darren Jordan, Komainu
Custody specialist, Komainu, was launched in 2018 as a joint venture between Nomura, digital-asset investment manager, CoinShares and blockchain business,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by