Non-local properties of multi-particle density matrices
  As far as entanglement is concerned, two density matrices of $n$ particles are equivalent if they are on the same orbit of the group of local unitary transformations, $U(d_1)\times...\times U(d_n)$ (where the Hilbert space of particle $r$ has dimension $d_r$). We show that for $n$ greater than or equal to two, the number of independent parameters needed to specify an $n$-particle density matrix up to equivalence is $\Pi_r d_r^2 - \sum_r d_r^2 + n - 1$. For $n$ spin-${1\over 2}$ particles we also show how to characterise generic orbits, both by giving an explicit parametrisation of the orbits and by finding a finite set of polynomial invariants which separate the orbits. 
N. Linden, S. Popescu, A. Sudbery