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MF Global (NYSE:MF) has no exposure to Sentinel Management Group.
As an organization, MF Global prides itself on its rigorous approach to risk management, an essential function that has allowed us to operate successfully for more than 200 years. One of the key components of our risk management is daily assessments of credit and counterparty risk, as well as general market trends. This approach allows us to anticipate potential issues such as the events at Sentinel.
MF Global continually takes proactive and prudent action to ensure that its capital, and that of its clients, is held at clearing houses or at the world's largest banking institutions. This approach provides security in all types of market conditions, including the volatility we have seen of late.
MF Global will continue to operate in the best interest of its clients and shareholders in order to protect the capital and integrity of their funds and resources.
About MF Global Ltd.
MF Global Ltd., formerly Man Financial, is the leading broker of exchange-listed futures and options in the world. It provides execution and clearing services for exchange-traded and over-the-counter derivative products as well as for non-derivative foreign exchange products and securities in the cash market.
MF Global is uniquely diversified across products, trading markets, customers and regions. Its worldwide client base of more than 130,000 active accounts ranges from financial institutions, industrial groups, hedge funds and other asset managers to professional traders and private/retail clients.
MF Global operates in 12 countries on more than 70 exchanges, providing access to the largest and fastest growing financial markets in the world. It is the leader by volume on many of these markets and on a single day averages six million lots, more than most of the world's largest derivatives exchanges. For more information, please visit www.mfglobal.com. - MF Global Diana DeSocio, 212-589-6282
Posted August 14th, 2007 by Armen Hareyan
