Gemini’s (now Ultimus’) Complete Offering Singled Out as Unique to Industry in Global Custodian Survey

Business Investments Lauded by Clients in the Mutual Fund Administration Report

Jul 17, 2018

The Gemini Companies (Gemini) (now Ultimus Fund Solutions) is pleased to announce its compelling results from the 2018 Global Custodian Mutual Fund Administration Survey, which surveys fund administration clients to determine a ranking [on a scale of 1 (very weak) to 7 (excellent)] for each participant organization. The report specifically acknowledged the completeness of Gemini’s offering, including for complex funds, as being unique in the industry. Gemini was also recognized for improving service levels across all categories, posting scores above 6 in Relationship Management and Client Service, Value Delivered, Fund Accounting, Transfer Agency, Distribution Support, Reporting, Compliance, and Operations and Custody.

“We are pleased that Global Custodian and our supportive client base sees our business investments and continual efforts to increase the breadth and depth of our service offering as valuable and distinctive,” said Gemini CEO Kevin Hesselbirg. “As fee compression is forcing our competitors to reduce services, we instead strive to provide a more complete outsourced service model so that funds can get to market quickly and capitalize on the returns that managing time-sensitive and complex investment strategies can offer.”

The report results also illustrate how Gemini stands out in a crowded, commoditized industry by offering:

  • A willingness to support emerging asset classes and a demonstrated track record for understanding regulatory changes and how to manage the associated risks
  • Timely and accurate NAV calculations, which are among the best in the survey/industry
  • Risk-reducing platforms/structures that have clear appeal to a wide range of investors (e.g., pensions, endowments, family offices, and OCIOs) and investment strategies
  • A full back office outsourcing service for managers running mutual funds, hedge funds, private equity funds, or ETFs
  • A full range of services for Section 529 college savings plans and annuity contracts issued by insurance companies

Susan Hansen, Senior Vice President of Gemini’s advisory Services division, added, “To be distinguished within the report for our relationship management, onboarding, and client service is very gratifying, as we strive every day to help our clients meet their investors’ demands. That our efforts spanning legal advice, regulatory compliance, and fund accounting were also acclaimed speaks to our culture of high performance, quality, and integrity.”

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