New York (HedgeCo.net) – Hedge fund advisor Gemini Fund Services, LLC., has announced the expansion of the Northern Lights Variable Trust (NLVT) with the addition of nine funds throughout 2011, the NLVT now comprises 14 funds in total, with over $380 million in assets.
“Gemini is committed to providing our advisors with solutions to bring successful investment vehicles to the market and meet the evolving needs of investors,” said Andrew Rogers, President of Gemini Fund Services. “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.”
The funds comprising the NLVT are part of a variable insurance trust (VIT). A VIT, much like a mutual fund shared trust, is a single registered entity through which a series of funds can be registered with the SEC and the funds within the trust are advised by multiple advisors.
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