Gemini Fund Services, which provides pooled investment solutions to investment firms, has expanded its offerings for hedge fund clients.
New York-based Gemini announced in a statement Tuesday that its parent company NorthStar Financial Services Group has launched a full-service hedge fund administration unit as a new subsidiary.
The new firm, Gemini Hedge Fund Services, provides middle and back-office duties, financial reporting and investor services to hedge fund managers. It also manager reporting capabilities, as well as access to distribution channels to help launch and distribute hedge funds.
24-year financial services industry veteran David Young has been appointed president of Gemini Hedge. Young was most recently responsible for creating, implementing and overseeing the operations and service offering of Spectrum Global Fund Administration.