Interesting note this morning from Benjamin Schachter at UBS, who does the math on how Google (GOOG) might benefit if the SEC grants the exemption the company is seeking from the Investment Company Act of 1940, under which it can
�t hold more than 40% of its assets in marketable securities unless it wants to be regulated as a mutual fund.
September 3, 2006...11:34 pm
Google walking fine line between Corporation and Mutual Fund
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