Millennium outsources fund administration

Fri Jan 9, 2009

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...

ISSN: 2151-1845 / CDC10004H

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