Kevin Wolf, President of Gemini Fund Services, LLC (Gemini Fund) was quoted in the Fund Operations article, “Move to T+2 Settlement Cycle Delayed: Now What?” “After the SEC missed its self-imposed action date to start working on a move to T+2, industry practitioners try to navigate an opaque landscape.”
“This is a trickle-down event to operations and sometimes things that happen in the industry are not actually pushed by regulators—it’s a market driven event. And as a servicer, you have to be prepared for that eventuality,” said Kevin Wolf, president of Gemini Fund Services. “We are ready to work with that eventuality and make sure there is no pause in operations. You can’t rest from an operations perspective.”
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