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From Matthias Knab: Millennium Management LLC, a global multi-strategy investment management firm with over $11 billion in assets under management, has outsourced fund administration to GlobeOp Financial Services, a leading independent provider of business process outsourcing, financial technology services and analytics to the buy-side.

GlobeOp became administrator of record for all three Millennium funds on January 1, 2009. The new mandate expands upon valuation, share registry and transfer services GlobeOp has provided since 2006 to the Millennium International fund.

GlobeOp is providing Millennium USA, LP, Millennium International, Ltd., and Millennium Global Estate, LP with independent confirmation of cash and position reconciliation, pricing and valuation, net asset value (NAV) production, financial reporting, and share register and transfer agency services.

"We are sending a strong signal about our commitment to transparency and the independent validation of Millennium's portfolio positions, asset pricing and expense allocation by appointing GlobeOp as an independent administrator, and by increasing our online investor portfolio reporting," said Terry Feeney, co-president and chief operating officer of Millennium. "This is also consistent with our strategy of enabling our fund investment professionals to concentrate their energies on what they do best - managing portfolios - supported by the trading, operational, technology and risk management in......................

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