NorthPoint Trading Partners Continues Growth, Capitalizing on Its Long/Short Trading Strategies Niche

1  from  Automated Trader Magazine

April 8th 2008 - NorthPoint Trading Partners LLC, announced the continuation of their strategic partnership with Gemini Fund Services, LLC with the addition of a second Gemini mutual fund manager to the NorthPoint brokerage platform. NorthPoint specializes in providing brokerage solutions to fund managers who short equities as part of their overall investment strategy.

"We are thrilled to be able to continue our relationship with Gemini Fund Services," says Douglas Nelson, Chief Executive Officer of NorthPoint Trading Partners, LLC. "Both NorthPoint and Gemini are dedicated to providing the highest level of service to mutual fund and hedge fund managers, many of whom are smaller firms or advisors managing alternative investment strategies, including long/short strategies."

As the trading platform to these two Gemini clients managing long/short strategies, NorthPoint seamlessly and effectively provides full-service trading desk capabilities, simplifying the analytical, trading and reporting aspects of the money managers' jobs. Unlike others in this space, however, NorthPoint specializes in providing equity shorting capabilities and is one of the first brokerage firms to offer these shorting solutions to its niche group of fund managers.

"At Gemini, we partner only with firms who share our vision for providing the highest quality of products, solutions and top-notch customer service at a relatively low cost," states Andrew Rogers, President of Gemini Fund Services, LLC. "Our continued relationship with NorthPoint exemplifies this philosophy. They have the experience and the infrastructure necessary to cater to this select niche of our client base and meet their specific long/short investment needs seamlessly."

NorthPoint currently services over 75 mutual and hedge funds via their prime brokerage and agency trading capabilities, trading a broad range of investment vehicles including equities, options and futures.