HAUPPAUGE, N.Y., Dec. 12, 2012 /PRNewswire/ -- Gemini Fund Services, LLC (Gemini), an engaged partner to independent advisors as a provider of comprehensive, pooled investment solutions, is pleased to announce that Northern Lights shared trusts, which include Northern Lights Fund Trust I, II, III, Northern Lights ETF Trust and Northern Lights Variable Fund Trust, have collectively surpassed $10 billion in assets under administration. (Logo: http://photos.prnewswire.com/prnh/20100524/NY09182LOGO ) "At a time when investors are showing strong interest in alternative investment vehicles, Gemini's shared trusts provide advisors with a cost-effective way to bring these funds to market," said Andrew Rogers, Chief Executive Officer of Gemini. "With our assistance, many of our clients have grown to such an extent that they have brought multiple funds to market. This asset milestone reflects the substantial progress our clients have made using the services we provide, as well as the increase in demand for the benefits that come with shared trust membership." The Northern Lights Fund Trusts are shared mutual fund trusts consisting of independent funds managed by separate investment advisors. Gemini established the trusts to help advisors launch small- and mid-sized funds and achieve economies of scale, operational efficiencies and fund sales they would not be able to achieve on their own. Gemini provides trust members with board oversight, distribution, marketing, regulatory compliance, accounting and other administrative services, allowing advisors to focus on fund performance and shareholder returns. In the past year, Gemini brought more than 50 new funds to market. By the end of 2010, the assets under administration in the Northern Lights Fund Trust had doubled from 2009 levels and nearly doubled again in 2011. The Northern Lights Fund Trust II launched in May 2011 and the Northern Lights Fund Trust III launched in early 2012. "The increased costs and regulations within the mutual fund industry have made it much more difficult for small- and mid-sized mutual funds to survive, but Gemini is committed to giving advisors the tools and support they need to overcome these obstacles," said Mr. Rogers. "As Gemini continues to grow and more advisors recognize the advantages offered by shared trust membership, Gemini is prepared to partner with them to ensure that their unique investment solutions can effectively compete in today's mutual fund market."