Millennium Global Wins New Currency Overlay Mandates Worth USD 1 Billion

Millennium Global Investments Ltd. has been awarded several new Currency Overlay mandates worth c. USD 1 billion, bringing the total assets managed by the firm to USD 3.6 billion. Millenniums assets have more than tripled within the last five years.

(PRWEB) May 22, 2005 -- Millennium Global Investments, an investment management firm based in London, has been awarded several new Currency Overlay mandates from Pension Funds and Trusts based in Europe and North America. The c. USD 1 billion of new mandates brings Millenniums assets to USD 3.6 billion, an increase by three fold since 2000.

Michael Huttman, Chief Investment Officer of Millennium stated we have seen an increase in the need for both currency hedging and active currency overlay programmes by global institutional investors who are addressing the currency impact on their portfolios on a both strategic and tactical basis."

Millenniums Currency team was recently reinforced with the addition of a Senior Economist, Roger Nightingale, who is regularly featured on CNBC and Lisa Scott-Smith, a leading London based foreign exchange specialist who joined from Credit Suisse.

For additional information on Millennium, contact Michael Huttman or visit www.millenniumfunds.net.

About Millennium:
Millennium is an independently owned investment management firm specialising in Currency Overlay and Alternative Investment products for institutional investors. With over ten years of operational history, Millennium is one of the longest established independent firms within the industry.

Millennium employs a total of twenty one experienced professionals; The London office has sixteen personnel focusing on analysis, research, trading, risk management and systems development. The Guernsey office has three employees dedicated to operations, settlement, reconciliation, reporting and investor relations; two senior analysts are in Miami providing research support to the portfolio managers.

The Financial Services Authority in UK, CFTC in USA and the GFSC in Guernsey regulate the various entities within the Millennium group.

Contact:
Michael Huttman, Chief Investment Officer
Millennium Global Investments
+44 20 7663 8900
www.millenniumfunds.net

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