Millennium Management Expands Beyond Valuations to Outsourcing with GlobeOp

Global multi-strategy investment management firm Millennium Management has expanded its agreement with GlobeOp Financial Services beyond its current agreement for valuation, share registry and transfer services to fully outsourced fund administration services.

GlobeOp has now become the administrator of record for all three Millennium funds, whereas previously its services were limited to the Millennium International fund. Under the agreement, GlobeOp provides Millennium USA, Millennium International, and Millennium Global Estate, 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.