Securities and Exchange Commission March 18, 2013 – Federal Register Recent Federal Regulation Documents

Renaissance Capital Greenwich Funds, et al.; Notice of Application
Document Number: 2013-06119
Type: Notice
Date: 2013-03-18
Agency: Securities and Exchange Commission, Agencies and Commissions
Summary of Application: Applicants request an order that would permit (a) series of certain open-end management investment companies to issue shares (``Shares'') redeemable in large aggregations only (``Creation Units''); (b) secondary market transactions in Shares to occur at negotiated market prices; (c) certain series to pay redemption proceeds, under certain circumstances, more than seven days after the tender of Shares for redemption; (d) certain affiliated persons of the series to deposit securities into, and receive securities from, the series in connection with the purchase and redemption of Creation Units; and (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares. Applicants: Renaissance Capital Greenwich Funds (``Trust''), Renaissance Capital LLC (``Adviser''), and Renaissance Capital Investments, Inc. (``Renaissance Capital Investments'').