Search Results for keywords:"asset-based fees"

Found 2 results

Search Results: keywords:"asset-based fees"

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  • 2024-30068 — Coatue CTEK Fund and Coatue Management, L.L.C.
    Type:Notice
    Citation:89 FR 103904
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has published a notice about an application from the Coatue CTEK Fund and Coatue Management, L.L.C. These applicants are seeking an order to allow certain registered closed-end investment companies to issue multiple classes of shares, along with imposing asset-based fees and early withdrawal charges. If no hearing is requested by January 7, 2025, the SEC is set to grant the requested exemptions. Interested parties are given details on how to apply for a hearing if they wish to contest the application.

    Simple Explanation

    The SEC is thinking about giving permission to some companies to sell different types of shares like different flavors of ice cream. If no one says "I don't like this" by a certain date, they're going to allow it.

  • 2025-03122 — iDirect Private Markets Fund, et al.
    Type:Notice
    Citation:90 FR 10739
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice concerning an application by iDirect Private Markets Fund and related entities. They are seeking permission to allow certain investment companies to issue multiple classes of shares and charge fees for distribution and early withdrawal. The application was initially filed in June 2024 and subsequently amended in October 2024. Interested parties have until March 13, 2025, to request a hearing if they wish to contest the application.

    Simple Explanation

    An investment group, iDirect Private Markets Fund, wants permission to let people buy special kinds of shares and charge extra fees if they sell too soon. The SEC says people can share their thoughts or concerns about this plan until March 13, 2025.