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	<title>Hedge Fund News From HedgeCo.Net &#187; independent validation</title>
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		<title>Prime brokers doing away with OTC &#8216;give ups&#8217;</title>
		<link>http://www.hedgeco.net/news/02/2009/prime-brokers-doing-away-with-otc-give-ups.html</link>
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		<pubDate>Wed, 18 Feb 2009 00:00:00 +0000</pubDate>
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		<description><![CDATA[West Palm Beach (HedgeCo.net) &#8211; Hedge funds of varying sizes report being given notice by prime brokers that OTC derivative give up arrangements will end &#8211; quickly. Funds ranging in size from $25M to $2.5B are being told new derivative trades &#34;done away&#34; will no longer be accepted near the end of the first quarter [...]]]></description>
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		<title>Millennium Outsources all Fund Managment to GlobeOp</title>
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		<pubDate>Thu, 08 Jan 2009 00:00:00 +0000</pubDate>
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		<description><![CDATA[West Palm Beach (HedgeCo.net) &#8211; Millennium Management LLC, a global multi-strategy investment management firm with over $11 billion in assets under management, has outsourced fund administration to hedge fund manager GlobeOp Financial Services. GlobeOp became administrator of record for all three Millennium funds on January 1, 2009 (Millennium USA, LP, Millennium International, Ltd., and Millennium [...]]]></description>
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