Gemini Hedge, the firm said, provides “customized and adaptable” solutions for hedge fund managers, assisting with middle- and back-office duties, financial reporting and investor services.

The unit also offers services for managers requiring frequent liquidity and enhanced reporting capabilities, as well as access to distribution channels to help launch and distribute hedge funds.

“With more and more hedge funds adopting mutual fund administration, reporting and accounting standards, our dedicated team is well-positioned to assist hedge fund managers as they adjust to new regulations and investor expectations,” said Andrew Rogers, chief executive of Gemini.

David Young, a 24-year veteran of the financial services industry with extensive hedge fund experience, serves as president of Gemini Hedge. For eight years, Young was responsible for creating, implementing and overseeing the operations and service offering of Spectrum Global Fund Administration.

Between 1998 and 2002, he was chief operations officer of Chicago-based hedge fund Midland Trading, which used an options market-making strategy.