[Federal Register Volume 61, Number 88 (Monday, May 6, 1996)]
[Notices]
[Pages 20295-20296]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11137]



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SECURITIES AND EXCHANGE COMMISSION
[Rel. No. IC-21923; 811-5285]


Managed Currency Portfolio L.P.; Notice of Application

April 29, 1996.
AGENCY: Securities and Exchange Commission (``SEC'').

ACTION: Notice of application for deregistration under the Investment 
Company Act of 1940 (the ``Act'').

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applicant: Managed Currency Portfolio L.P.

relevant act section: Section 8(f).

summary of application: Applicant requests an order declaring that it 
has ceased to be an investment company.

filing DATES: The application was filed on July 11, 1995 and amended on 
April 17, 1996.

hearing or notification of hearing: An order granting the application 
will be issued unless the SEC orders a hearing. Interested persons may 
request a hearing by writing to the SEC's Secretary and serving 
applicant with a copy of the request, personally or by mail. Hearing 
requests should be received by the SEC by 5:30 p.m. on May 24, 1996, 
and should be accompanied by proof of service on applicant, in the form 
of an affidavit or, for lawyers, a certificate of service. Hearing 
requests should state the nature of the writer's interest, the reason 
for the request, and the issues contested. Persons who wish to be 
notified of a hearing may request notification by writing to the SEC's 
Secretary.

ADDRESSES: Secretary, SEC, 450 Fifth Street NW., Washington, DC 20549. 
Applicant, 388 Greenwich Street, New York, NY 10013.

FOR FURTHER INFORMATION CONTACT:
David W. Grim, Staff Attorney, (202) 942-0571, or Robert A. Robertson, 
Branch Chief, (202) 942-0564 (Office of Investment Company Regulation, 
Division of Investment Management).

SUPPLEMENTARY INFORMATION: The following is a summary of the 
application. The complete application may be obtained for a fee at the 
SEC's Public Reference Branch.

Applicant's Representations

    1. Applicant is an open-end management investment company organized 
as a Delaware limited

[[Page 20296]]

partnership. On August 17, 1987, applicant registered under the Act and 
filed a registration statement to register its securities under the 
Securities Act of 1933. Applicant's registration statement was declared 
effective on November 9, 1988, and its initial public offering 
commenced shortly thereafter.
    2. On January 7, 1992, in light of applicant's small size and the 
resulting unlikelihood of achieving economies of scale, the Individual 
General Partners of applicant unanimously approved a Plan of 
Dissolution, Liquidation, and Termination (the ``Plan'') providing for 
the dissolution of applicant, the liquidation of applicant's assets, 
and the distribution of the proceeds from such liquidation to 
applicant's unitholders. Proxy materials relating to the Plan were 
filed with the SEC and distributed to unitholders on or about March 26, 
1992. On April 30, 1992, a majority of applicant's unitholders approved 
the Plan.
    3. As of April 30, 1992, applicant had 249,941.79 units of 
partnership interest outstanding, with a net asset value of $10.38 per 
unit and an aggregate net asset value of $2,594,406.15. On May 1, 1992, 
applicant's assets were liquidated and the proceeds of such 
liquidation, less an amount retained for liabilities, were distributed 
to applicant's unitholders in an amount based upon applicant's per 
share net asset value. All sales of portfolio securities were executed 
in open market transactions through brokers or dealers not affiliated 
with applicant or its investment adviser.
    4. The expenses applicable to the liquidation amounted to 
approximately $64,317.06. These expenses, which were for accounting, 
printing, administrative, and legal services, were borne by applicant's 
investment adviser and administrator. In addition, prior to 
distribution of applicant's assets, its adviser and administrator 
contributed to applicant's assets an amount equal to applicant's 
unamortized organizational expenses.
    5. At the time of filing the application, applicant had no assets 
or liabilities. Applicant has no unitholders and is not a party to any 
litigation or administrative proceeding. Applicant is not engaged in, 
and does not propose to engage in, any business activities other than 
those necessary for the winding-up of its affairs. To effect the 
dissolution of applicant as a Delaware limited partnership, a 
certificate of cancellation will be filed with the Secretary of State 
of the State of Delaware.

    For the SEC, by the Division of Investment Management, under 
delegated authority.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-11137 Filed 5-3-96; 8:45 am]
BILLING CODE 8010-01-M