Andrew Rogers, President of The Gemini Companies, was quoted in the recent Fund Directions article “Moving On: Boardroom Challenges when a Fund Just isn’t Working”.
Fund boards are in constant conversation with their management companies about the viability of their strategy, especially at smaller funds, startups and series trusts, according to Andrew Rogers, CEO at fund administrator Gemini Fund Services.
“Typically, the fund board is asking the adviser: What’s your story? What’s going to differentiate you from competitors? What’s the past performance of similar types of products? What are you doing to provide greater alpha?” Rogers told Fund Directions. “As part of that road map to success, they have to ask whether it’s in the best interest of shareholders to keep the fund operational.”
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