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Millennium outsources fund administration

January 09, 2009  

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Millennium Management, Izzy Englander’s New York hedge fund shop, has decided to outsource administration for its three hedge funds, which manage over $11 billion, to GlobeOp Financial Services.

Millennium had been providing most of its fund administration in house with a large back-office staff. The move to outsource these services is significant in the...

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