Two Roads Unveils Alt Funds, Sort of

Gemini Fund Services has announced that its Two Roads Shared Trust, which launched in April, will soon include alternative mutual funds from Alternative Road Investment Advisers, Belvedere Asset Management, and LJM Funds Management.

The firm’s announcement fell short of specifying what products the trust will bring to market. However, Aisha Hunt, a San Francisco-based Partner in Dechert's Financial Services Practice, offered that: "Most hedge fund managers are not aware that shared trusts like Two Roads have greatly lowered the barriers of entry to launching a mutual fund."

"Lower marketplace barriers, combined with an unprecedented demand for alternative mutual funds has created a historical opportunity for hedge fund managers to raise assets through mutual funds."