Gemini Fund Services Reports Growth of Northern Lights Variable Fund Trust [Health & Beauty Close – Up]

Gemini Fund Services, a supplier of investment solutions, has announced the expansion and growth of the Northern Lights Variable Trust.

"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, in a release. "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."

In a release, the Company said that this expansion reflects its ongoing focus to assist advisors in successfully launching alternative investment funds to meet increasing demand among high net worth clients. With the addition of nine funds throughout 2011, the NLVT now comprises 14 funds in total, with over $380 million in assets.

The funds comprising the NLVT are part of a variable insurance trust. Similar to a mutual fund shared trust, a VIT is a single registered entity through which a series of funds can be registered with the Securities and Exchange Commission, with the funds comprising the trust advised by multiple advisors. Shares of VIT funds are sold only on life insurance platforms and are offered to separate accounts of participating life insurance companies for the purpose of funding variable annuity contracts and variable life insurance policies.

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