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.
Forward-Looking Statement
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995: Forward-looking statements in this press release,
including statements relating to the Company's future revenues and
earnings, plans, strategies, objectives, expectations and intentions,
are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that
such forward-looking statements are inherently subject to risks and
uncertainties, many of which cannot be predicted with accuracy, and
some of which might not be anticipated. We caution you not to place
undue reliance on these forward-looking statements. We refer you to
the Company's filings with the Securities and Exchange Commission
(SEC) for a description of the risks and uncertainties the Company
faces.
