12 Feb 2025
📈SEC Notice on Exemption for Investment Companies
SEG Partners Long/Short Equity Fund and Select Equity Group, L.P.
Summary
The SEC issued a notice regarding an application from SEG Partners Long/Short Equity Fund and Select Equity Group, L.P. for exemptions that would permit registered investment companies to issue multiple classes of shares and impose specific fees. Interested parties can request a hearing or notify the SEC of their interest in the application.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The text discusses a SEC application for exemptions under the Investment Company Act, allowing particular investment companies to offer multiple share classes and impose early withdrawal charges, directly affecting business operations and financial strategies related to investment funds.