SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* P SCHOENFELD ASSET MANAGEMENT LLC/NY (Last) (First) (Middle) 1350 AVENUE OF THE AMERICAS 21ST FLOOR (Street) NEW YORK NY 10019 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/09/2008	3. Issuer Name and Ticker or Trading Symbol Stream Global Services, Inc. [ OOO ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 10/23/2008
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $.001 per share ("Common Stock")	15,622	I	See FN(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants to purchase Common Stock (the "Warrants")	10/17/2008	10/17/2011	Common Stock	1,163,100	$6	I	See FN(1)(2)

Explanation of Responses:

1. The shares of Common Stock and Warrants are held directly by PSAM WorldArb Master Fund Ltd., a Cayman Islands exempted limited company ("WorldArb"); Spartan Partners LP, a Delaware limited partnership ("Spartan"); and certain managed accounts managed by P. Schoenfeld Asset Management LLC, a New York limited liability company ("PSAM"), and P. Schoenfeld Asset Management International, a New York limited liability company ("International") which also serves as the investment adviser to WorldArb.

2. PSAM serves as the investment adviser to Spartan and certain managed accounts and, by sub-advisory agreement, has full discretion to make all investment decisions for the entities and managed accounts advised by International (and collectively with Spartan, the managed accounts and the entities advised by International, the "Accounts") with respect to the shares of Common Stock directly owned by each of the Accounts. Synapse I, LLC, a New York limited liability company ("Synapse I"), is the general partner of Spartan and has the power to direct the affairs of Spartan. Mr. Peter M. Schoenfeld ("Mr. Schoenfeld") serves as the managing member of PSAM and International with respect to the shares of Common Stock directly owned by the Accounts. PSAM, Mr. Schoenfeld, WorldArb, Synapse I, Spartan and International disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.

	/s/ P. Schoenfeld Asset Management LLC; By its managing member Peter M. Schoenfeld	10/27/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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