Gemini Fund Services Reviews | Glassdoor

Gemini Fund Services Reviews

Updated January 21, 2017
26 reviews

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2.2
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Andrew Rogers
16 Ratings

26 Employee Reviews

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  1. "TA Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Omaha, NE
    Former Employee - Anonymous Employee in Omaha, NE

    I worked at Gemini Fund Services full-time (More than 5 years)

    Pros

    Work is good and theres plenty to do so you won't get bored. Nice facilities and casual relaxed atmosphere

    Cons

    A lot of people there for a very long time and they have been promoted for simply being there. Most of the management have no managerial skills at all and you dare not try to tell them that.

    Advice to Management

    Take some management classes and pay attention because you lose good people and don't seem to care.


  2. Helpful (2)

    "Gemini Hedge"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hauppauge, NY
    Current Employee - Anonymous Employee in Hauppauge, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Gemini Hedge is a growing company and employees have many opportunities to grow with it. The employees that step up to challenge are rewarded/promoted. It is a casual work environment and fast paced at the same time, which is what is expected in a hedge fund admin space.

    Cons

    Some people cannot keep up with the fast pace and find the job it is not for them. To be expected.

    Advice to Management

    Management should be sure to promote the reasons why Gemini Hedge is a great place to work.


  3. Helpful (1)

    "Gemini Hedge Fund Services"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Hedge Fund Administrator in New York, NY
    Former Employee - Hedge Fund Administrator in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at Gemini Fund Services full-time

    Pros

    I'm forced to write 20 words. I would say the pros are Employee appreciation week, bagel friday, abd pizza on occasion.

    Cons

    Obviously the review below is done by a manager. Looks like a pathetic and desperate effort to not scare potential employees away. Too many bad reviews to believe a fake one.
    I wasn't going to write a review but since everyone is airing the dirty laundry on Gemini Hedge, I feel its only appropriate to participate. I would like to start by addressing the past post.
    Yes it is a "fast paced environment". They work everyone to the point of exhaustion. And NEGATIVE that's not "what is expected in a hedge fund admin space". When a group is run CORRECTLY, you do not need to be overworked, exhausted, and stressed. We ALL do not want to be at work from 830am till 8:30pm for $45,000 a year.  I have been working at another company for awhile and come to the conclusion that this group has been run so poorly and unprofessionally.
    The managers cannot properly manage a group of 10. Their management philosophy is "be nasty, rude, condensencing, and show no appreciation for hard work".
    I also read in the preview post "Some people cannot keep up with the pace"... REALLY?? Then please explain the reason as to why not one person has stayed for longer than two years?! The turnover rate is astronomical!!!
    It appears to me that Karma has finally come to bite them. For years and years they have been treating employees horrible. You can only get away with it for so long. After reading all these new wonderful reviews, it appears that your time is up. The truth has been exposed.

    Advice to Management

    BIG clean up of Managers in that group. Hope the officers of the Gemini Fund Services can see these reviews and realize how badly it is being managed.


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  5. Helpful (1)

    "Worse place to be"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services full-time

    Pros

    Besides bagels nothing good

    Cons

    Revolving door hedge team is a bunch of high school. Nepotism

    Advice to Management

    Fire management of hedge team


  6. Helpful (1)

    "Gemini Hedge Fund Admin"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Hedge Fund Administrative
    Former Employee - Hedge Fund Administrative
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services full-time

    Pros

    There really aren't any pros about working with Gemini hedge. I suppose you will get some exposure as a first job out of college, but that's really it. And it isn't even worth it.

    Cons

    Where to start.... The first red flag is the ENORMOUS turnover rate. An extremely low percentage of people stay in the group longer than one year. Generally, people stay longer than a year because they have trouble getting a different job since nobody has ever heard of this company. The reason for the high turnover is management. As a low level Admin, you will be worked to the brink of insanity with absolutely zero recognition. You work forced overtime and the "big payoff" is a 2-3% raise each year. Considering that you will be WILDLY underpaid, the "bonus" is minuscule. Management only cares that deadlines are met, regardless if they are reasonable or not. You could work a 12 hour day and then have a meeting the following day to discuss why your deadlines were not met. Management sees everyone as a number which can be easily replaced. They show this in many ways. First, they have not addressed these issues since the group formed years ago. They make an excuse for each individual's case and shift the blame away from themselves. Second, they force the other employees to train the new employees. Management does not take the time to learn anything about their staff since they see everyone as a number who will leave within the year. Another thing management is notorious for is recording EVERYTHING. When you are new and learning (making mistakes), management will write down everything you do which they deem incorrect and will bring it up at a later date as evidence for whatever their agenda is. My advice to anyone considering joining this group is TURN AWAY. The experience is not worth the anxiety and frustration that comes along with the job. Gemini Hedge takes young people who want to run through walls to learn as much as they can and turns them into people who hate coming to work and will do the absolute minimum. When the clock strikes 5:30PM, everyone gets up to leave their desk and does not look back. That really should tell you everything you need to know about employee moral. *STAY AWAY*

    Advice to Management

    Keep up the good work. It isn't like you could ever do anything incorrect anyway. So keep at it, I'm sure its everyone else and not you.


  7. Helpful (1)

    "Any positive rating is a plant by the company."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Administrator in Hauppauge, NY
    Former Employee - Fund Administrator in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services full-time (More than a year)

    Pros

    No prose but since I must write 20 words free bagels on Fridays. Good commute.

    Cons

    Absolute worst company you could work for. Run by inexperienced adolescent managers who talk behind your back and micromanage you. Especially Gemini Hedge fund services. Disgraceful workplace.

    Advice to Management

    Fire current management


  8. "Continuous Improvement"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    If you're located on Long Island the commute is fantastic and you will be in a laid back environment. There are great people working here and if you put in the effort you can learn from them. The 401k package is competitive and offers great options. Overall it is a great place to start your career or make an impact later in your career due to the smaller size of the company.

    Cons

    The work load can be heavy for certain individuals and the benefits like PTO can be lacking behind competition.


  9. "Mutual Fund Admin Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good experience and exposure to critical things in finance such as Excel and Bloomberg. Bagels on Fridays and a laid back atmosphere.

    Cons

    Not much room for growth. Never became comfortable asking questions or for help from management but there are plenty of approachable staff to ask.


  10. Helpful (5)

    "Great place to work if you want to be a lazy employee because everyone gets the same raises"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Hauppauge, NY
    Former Employee - Anonymous Employee in Hauppauge, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Gemini Fund Services (More than 10 years)

    Pros

    Casual dress code, bagels on Friday and friendly coworkers are the only reason this company still has a staff

    Cons

    Severely underpaid compared to salaries at similar companies, unless you're senior management, they line their pockets while the rest of us struggle to make ends meet. Gemini's motto is to take advantage of their good employees and overworking them to the point they absolutely dread coming to work and if you’re horrible at your job you can just float on by with less responsibility. You have to really actively try to get fired so if you want a job that you can do the minimum amount to get by or less then, this is the place for you. They will keep people in management positions knowing they are unable to do the job and force their staff to pick up the slack. If an issue occurs then the staff is blamed for the problem, not management. No compensation/vacation time is given if you have to work extra hours, it’s just expected, even if the reason is because of incompetent workers or understaffing issues. No one is trained on anything, you pretty much have to figure it as you go and ask around to co-workers for help. Everyone gets the same raise each year, regardless if your review was good or bad, so there is absolutely nothing to motivate you to work hard. The "quarterly bonuses", if you can call them that, are insulting, maybe $200. People are promoted because of who you know not what you know and the hard working employees have to fight tooth and nail to even been recognized. They started as a small company and grew too large to fast for their own good and the head's of the departments are not qualified to be running them. Everything is a game of catch up or putting out fires, never planning ahead. Always grossly understaffed because it doesn't take long for people to see how this company is ran and they jump ship. Unless your desperate and can't find work anywhere else, I would not recommend this company to anyone.

    Advice to Management

    Treat your good employees with respect and pay people what they deserve. I give it another year before this company implodes because you can't keep enough staff to do the job, everyone is overworked, underpaid and leaves and you're left with only entry level employees. Besides the fact the starting salary hasn't changed much in 10 years so getting quality employees proves to be pretty difficult.


  11. Helpful (1)

    "Easy place to work-no commute..however they should take better care to keep employees around"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Legal Assistant in Hauppauge, NY
    Current Employee - Legal Assistant in Hauppauge, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Gemini Fund Services full-time (Less than a year)

    Pros

    Up to date with market technology, Employee Appreciation week, bagels provided on Friday's, friendly work environment/ general camaraderie, causal work attire, holiday festivities, vitality health incentives

    Cons

    Low salaries in comparison to market, 14 days PTO per year (including sick days and 5 days must be taken consecutive), health insurance is pricy with high co-pays



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