Fund Administration

Fund Administration 2018-05-25T18:20:53+00:00

Gemini efficiently handles all administrative duties for registered funds, including preparation and SEC filing of shareholder reports, performance reporting, board reporting and communications, and treasury operations. By partnering with Gemini, you can focus on managing your portfolios and growing fund assets, while we skillfully handle all your administrative responsibilities.

Through Gemini’s 30+ years of experience and as a fund administrator to over 480 funds with over $59 billion in assets*, we have serviced nearly every strategy, product structure, and market cycle. This enables us to offer you unique insight into the broader market. In addition to being a fund administrator, we are your business partner. In fact, Gemini developed into the business we are today because our sister company – a registered investment advisor (RIA) – needed a better solution for mutual fund administration. We remain close to our RIA roots, and our fundamental business objective is to serve and align with this community.

Gemini uses state-of-the-art systems to provide the best service possible. Our technology and reporting includes, but is not limited to:

  • ExpenseWatch, an expense management system that provides automation, visibility, and control over the payment process in a web-based format, as well as detailed reporting to allow for analysis of expenses by line item and assist in creation and monitoring of operational budgets.

  • FIS Financial Reporting, which provides a fully automated financial reporting solution to efficiently address increasing regulatory requirements.

  • GainsKeeper, a tax tool that provides an automated means to accurately and efficiently calculate tax adjustments, such as wash sales and straddles, which may have a significant impact on a fund’s tax distribution requirements and after-tax returns.

  • StatPro, an innovative cloud-based portfolio analytics tool covering performance, attribution, contribution, allocation, and risk reporting.

  • Yardstick, which provides automated daily fund and benchmark performance calculations in multiple formats along with after-tax performance results for prospectus updates.

  • Financial reporting, including all SEC regulatory filings (Form N-CSR, Form N-SAR, Form N-Q, Form 24f-2, Form N-MFP and new filings of Form N-PORT and N-CEN)
  • Facilitation of a timely and efficient annual audit process
  • Daily fund and benchmark performance reporting
  • Reporting and presentations at quarterly board meetings
  • Payment of fund operating expenses, including monthly management fees
  • Establishment and monitoring of fund operating budgets
  • Calculation of fund distributions
  • Supplying of financial data necessary for annual prospectus updates
  • Providing assistance and responses in connection with regulatory examinations and inquiries
  • Preparation of articles, by-laws, and declaration of trust
  • Preparation and facilitation of organizational board meetings and materials
  • Preparation of fund governance procedures including code of ethics, valuation procedures, clearing agencies and distribution policy
  • Registration preparation for prospectus, SAI, and state blue sky registration filings
  • Legal entity preparation and filings
  • Independent legal and audit firm search and selection
  • Offshore administration services
  • SEC filings, such as N-SAR and N-CSR
  • Financial statement preparation
  • Proposals of insurance coverage and fidelity bond requirements
  • Monitoring fund budgets and expenses
  • Online reporting services
  • Assistance with distribution and servicing plan agreements, tax-free conversions, and IRA prototype plans
  • Dividend distribution
  • Daily performance reporting
  • Assistance with and response to SEC exams and comments

Contact us to discuss what registered product might be the best option for your firm.

*As of 3.31.18