Galaxy Plus Adds Four Managers To Managed Account Platform
Managed account platform Galaxy Plus has added four new fund managers to the Galaxy Plus Platform. Now available on the platform are funds from East Alpha, John Locke Investments, PlusPlus Capital Management and Volt Capital Management. These managers join a diverse offering of alternative investment vehicles from over 30 different fund managers that includes managed futures, commodities, hedge funds, foreign equities and derivatives contracts.
In August, Gemini Alternative Funds, LLC and its Galaxy Plus Platform were acquired by New Hyde Park Alts from Ultimus Fund Solutions. Administration, as well as oversight of platform cash control, is still handled by Ultimus, continuing to be the strategic servicing partner of Galaxy Plus.
“The acquisition of Galaxy Plus strengthens the distribution of the Platform while maintaining the strong, independent operational expertise of Ultimus’ support,” said Peter Getz, managing member of New Hyde Park. “We look forward to using our resources and connections to increase distribution, reach more investors and introduce managers to our existing clients.”
Galaxy Plus enables qualified investors such as RIAs, pensions, mutual funds and family offices to access multiple underlying trading advisors through a centralized platform.
“I’m incredibly proud of the value our team delivered to fund managers and investors this year, growing the assets on the platform by 40 percent. We’re fielding multiple inquires per day from managers looking to expand their distribution channels,” said David Young, president of Gemini Alternative Funds. “With a strong management team and our vast network, we expect tremendous growth in managers, investors and of course assets in 2021.”
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