If you could build your own mutual fund, what would it include?
Andrew Rogers heads a firm that allows advisors to do just that. The CEO of Gemini Fund Services says it helps with all aspects of starting a pooled investment product as well as converting existing funds.
Rogers is seeing three areas of growth, all involving alternative investments. The first is a big uptick in interest in “the hedge fund to mutual fund conversion,” particularly with so-called multi-strategy products.
“The JOBS Act now allows hedge funds to advertise,” he notes. “This is ultimately, I think, a good thing because they can now promote their performance, and advisors can show clients how well certain strategies that they now have access to are performing.”
The second area of growth involves the ongoing (and increasingly desperate) search for yield with minimal accompanying interest-rate risk. It’s driving interest in hedged fixed-income, long/short fixed-income and REIT and real estate products, he adds.