Search Results for keywords:"sub-advisory agreements"

The Securities and Exchange Commission (SEC) announced a notice regarding an application under the Investment Company Act of 1940. The application, filed by The RBB Fund Trust and First Eagle Investment Management, LLC, seeks an exemption allowing them to enter into sub-advisory agreements without needing shareholder approval. In addition, they are also requesting relief from certain disclosure requirements concerning fees paid to subadvisers. The SEC will grant this request unless a hearing is ordered, and interested parties can request a hearing by contacting the SEC by February 24, 2025.

The Securities and Exchange Commission (SEC) received an application from Columbia Funds Series Trust and Columbia Management Investment Advisers, LLC for an exemption from specific requirements under the Investment Company Act of 1940. The exemption would allow the Trusts' board of trustees to approve changes to sub-advisory agreements without holding in-person meetings, which can be costly and impractical. Instead, these meetings could be conducted using technology that allows board members to communicate simultaneously. The goal is to enable the Trusts to respond more efficiently to changes in the market or to adjust investment strategies without unnecessary delays.

The Securities and Exchange Commission has issued a notice regarding an application by Russell Investment Company and others, seeking an exemption from having to hold in-person meetings for approving or amending their sub-advisory agreements. The applicants argue that this exemption would allow quicker decisions and reduce costs, as holding in-person meetings can be impractical due to changing market conditions and geographical diversity of board members. They propose that board members participate in meetings using technology that allows them to hear and potentially see each other. If granted, this relief would apply to current and future series managed by Russell Investment, provided they adhere to specified conditions.

The Securities and Exchange Commission published a notice for an application seeking exemption from certain requirements of the Investment Company Act of 1940. This exemption would allow ETF Series Solutions and Distillate Capital Partners LLC to make changes to sub-advisory agreements without needing shareholder approval and to consolidate fee disclosures. The goal is to enable the investment adviser to select and manage sub-advisers more efficiently, benefiting the shareholders by potentially reducing costs. Additionally, the application outlines conditions to protect shareholder interests and seeks to maintain transparency by informing shareholders of significant changes via a streamlined notification process.