Wednesday, 26 April 2017
Last updated 42 min ago
Jan 6 2012 | 9:06am ET
Alternative and traditional asset manager Gemini Fund Services has more than doubled the size of its variable insurance trust lineup.
The Hauppauge, N.Y.-based firm said that it rolled out nine new Northern Lights Variable Trust funds over the course of last year. The range now boasts 14 funds with more than $380 million in assets.
Variable insurance trusts are Securities and Exchange Commission-registered entities similar to mutual funds, but sold only on life insurance platforms.
"Gemini is committed to providing our advisors with solutions to bring successful investment vehicles to the market and meet the evolving needs of investors," Gemini President Andrew Rogers said. "Gemini launched the NLVT to meet the needs of VIT funds, and the growth of the NLVT empowers advisors and funds with a competitive advantage in today's marketplace."