UNITED STATES OF AMERICA
BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
INVESTMENT COMPANY ACT OF 1940
Release No. 29443 / September 27, 2010
________________________________________________
In the Matter of :
:
Aston Funds :
Aston Asset Management, LP :
:
120 N. LaSalle St, 25th Floor :
Chicago, IL 60602 :
:
(812-13775) :
________________________________________________:
ORDER UNDER SECTION 12(d)(1)(J) OF THE INVESTMENT COMPANY ACT OF
1940 GRANTING AN EXEMPTION FROM SECTIONS 12(d)(1)(A) AND (B) OF THE
ACT, UNDER SECTIONS 6(c) AND 17(b) OF THE ACT GRANTING AN
EXEMPTION FROM SECTION 17(a) OF THE ACT, AND UNDER SECTION 6(c) OF
THE ACT FOR AN EXEMPTION FROM RULE 12d1-2(a) UNDER THE ACT
Aston Funds and Aston Asset Management, LP filed an application on May 21, 2010, and
amendments to the application on August 11, 2010, and August 16, 2010, requesting an
order under section 12(d)(1)(J) of the Investment Company Act of 1940 (the “Act”)
granting an exemption from sections 12(d)(1)(A) and (B) of the Act, under sections 6(c)
and 17(b) of the Act granting an exemption from sections 17(a)(1) and (2) of the Act, and
under section 6(c) of the Act for an exemption from rule 12d1-2(a) under the Act. The
order would (a) permit certain registered open-end management investment companies that
operate as “funds of funds” to acquire shares of certain registered open-end management
investment companies and unit investment trusts that are within and outside the same
group of investment companies as the acquiring investment companies, and (b) permit
funds of funds relying on rule 12d1-2 under the Act to invest in certain financial
instruments.
On August 26, 2010, a notice of the filing of the application was issued (Investment
Company Act Release No. 29400). The notice gave interested persons an opportunity to
request a hearing and stated that an order granting the application would be issued unless a
hearing was ordered. No request for a hearing has been filed, and the Commission has not
ordered a hearing.
