Bringing you live news and features since 2006 

Galaxy Plus adds multiple fund managers to managed account platform

RELATED TOPICS​

Galaxy Plus, a platform for managers and investors providing an institutional level, “managed account like” experience in alternative assets, has added four new fund managers. Now available on the Platform are funds from East Alpha, John Locke Investments (JLI), PlusPlus Capital Management and Volt Capital Management. 

These managers join a diverse offering of alternative investment vehicles from over 30 different fund managers that includes managed futures, commodities, hedge funds, foreign equities and derivatives contracts.
 
In August, Gemini Alternative Funds, LLC and its Galaxy Plus Platform were acquired by New Hyde Park Alts from Ultimus Fund Solutions. Administration, as well as oversight of platform cash control, is still handled by Ultimus, continuing to be the strategic servicing partner of Galaxy Plus. “The acquisition of Galaxy Plus strengthens the distribution of the Platform while maintaining the strong, independent operational expertise of Ultimus’ support,” says Peter Getz, managing member of New Hyde Park. “We look forward to using our resources and connections to increase distribution, reach more investors and introduce managers to our existing clients.”
 
Galaxy Plus enables qualified investors such as RIAs, pensions, mutual funds and family offices to access multiple underlying trading advisors through a centralised platform. The open architecture infrastructure provides investors with an institutional level investing experience through a variety of alternative investment strategies with lower investment minimums, transparency, access to near real-time data, notional funding, risk monitoring and management services, and frequent liquidity.
 
“The investment strategy we deliver to the wealth management community serves to stabilise and add diversification to traditional portfolios,” says Patrik Safvenblad, chief investment officer at Volt Capital Management. “With our fund on the Galaxy Plus platform, we’re able to focus on our strategy and know with confidence that Galaxy Plus is a one-stop shop solution for a comprehensive service offering along with distribution efforts.”
 
Creating a private fund using Galaxy Plus takes the operational burden off the managers shoulders and utilises the resource of the Platform to provide all of the required services, including lower fees, better control, transparency, governance and customisation. The Platform empowers fund managers to focus on what they do best – trading – while the Platform runs the fund’s middle and back office operations.
 
“I’m incredibly proud of the value our team delivered to fund managers and investors this year, growing the assets on the platform by 40 percent. We’re fielding multiple inquires per day from managers looking to expand their distribution channels,” says David Young, president of Gemini Alternative Funds. “With a strong management team and our vast network, we expect tremendous growth in managers, investors and of course assets in 2021.”
 

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
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