Document ID: SEC-2009-0737-0001
Agency: sec
Document Type: Notice
Title: Notice of Applications for Deregistration under Section 8(f) of the Investment Company Act of 1940
Posted Date: 2009-06-04T04:00Z

[Federal Register: June 4, 2009 (Volume 74, Number 106)]
[Notices]               
[Page 26897-26899]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04jn09-117]                         

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SECURITIES AND EXCHANGE COMMISSION

[Release No. IC-28751]

 
Notice of Applications for Deregistration under Section 8(f) of 
the Investment Company Act of 1940

May 29, 2009.
    The following is a notice of applications for deregistration under 
section 8(f) of the Investment Company Act of 1940 for the month of 
May, 2009. A copy of each application may be obtained via the 
Commission's Web site by searching for the file number, or an applicant 
using the Company name box, at http://www.sec.gov/search/search.htm or 
by calling (202)551-8090. An order granting each application will be 
issued unless the SEC orders a hearing. Interested persons may request 
a hearing on any application by writing to the SEC's Secretary at the 
address below and serving the relevant 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 June 23, 2009, and should be accompanied by 
proof of service on the 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 Secretary, U.S. Securities and 
Exchange Commission, 100 F Street, NE., Washington, DC 20549-1090.
    For Further Information Contact: Diane L. Titus at (202) 551-6810, 
SEC, Division of Investment Management, Office of Investment Company 
Regulation, 100 F Street, NE., Washington, DC 20549-4041.

Paradigm Funds Trust [File No. 811-21811]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. As of July 
31, 2008, applicant's shareholders had tendered their shares for 
redemption, based on net asset value. Applicant incurred no expenses in 
connection with its liquidation.
    Filing Dates: The application was filed on January 22, 2009.
    Applicant's Address: 650 Fifth Ave., 17th Floor, New York, NY 
10019.

Paradigm Multi Strategy Fund I, LLC [File No. 811-21808]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. As of July 
31, 2008, applicant's shareholders had tendered their shares for 
redemption, based on net asset value. Expenses of approximately 
$218,740 incurred in connection with the liquidation will be paid by 
applicant out of cash retained for this purpose.
    Filing Date: The application was filed on January 22, 2009.
    Applicant's Address: 650 Fifth Ave., 17th Floor, New York, NY 
10019.

Nagle Funds [File No. 811-21826]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On April 1, 2009, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of approximately $1,050 incurred in connection with the 
liquidation were paid by Peter J. Nagle, R.I.A., applicant's investment 
adviser.
    Filing Date: The application was filed on April 20, 2009.
    Applicant's Address: 57 Willow Dr., Little Silver, NJ 07739.

Buffalo Balanced Fund, Inc. [File No. 811-8364]; Buffalo Small Cap 
Fund, Inc. [File No. 811-8509]; Buffalo USA Global Fund, Inc. [File No. 
811-8896]; Buffalo High Yield Fund, Inc. [File No. 811-8898]; Buffalo 
Large Cap Fund, Inc. [File No. 811-8900]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On either July 29, 2008 or August 19, 
2008, each applicant transferred its assets to corresponding series of 
Buffalo Funds, based on net asset value. Expenses of approximately 
$136,941 were incurred in connection with each reorganization and were 
paid by Kornitzer Capital Management, Inc., applicants' investment 
adviser, and U.S. Bancorp Fund Services, LLC, applicants' 
administrative agent.
    Filing Dates: The applications were filed on January 14, 2009, and 
amended on May 1, 2009 and May 13, 2009.
    Applicants' Address: 5420 W 61st Pl., Shawnee Mission, KS 66205.

The GNMA Fund Investment Accumulation Program, Inc. [File No. 811-2788]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On October 29, 2007, applicant transferred 
its assets to BlackRock GNMA Portfolio, a series of BlackRock Funds II, 
based on net asset value. Expenses of $730,792 incurred in connection 
with the reorganization were paid by applicant and BlackRock

[[Page 26898]]

Advisors, LLC, investment adviser to the acquiring fund.
    Filing Dates: The application was filed on December 11, 2008, and 
amended on May 12, 2009.
    Applicant's Address: 800 Scudders Mill Rd., Plainsboro, NJ 08536.

Sit Money Market Fund, Inc. [File No. 811-4032]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On March 31, 2009, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $15,560 incurred in connection with the liquidation were 
paid by Sit Investment Associates, Inc., applicant's investment 
adviser.
    Filing Date: The application was filed on April 28, 2009.
    Applicant's Address: Sit Mutual Funds, 3300 IDS Center, 80 South 
8th St., Minneapolis, MN 55402.

John Hancock Institutional Series Trust [File No. 811-8852]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 31, 2007, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Applicant incurred no expenses in connection with the liquidation.
    Filing Date: The application was filed on April 27, 2009.
    Applicant's Address: 601 Congress St., Boston, MA 02210.

Centurion Investment Trust [File No. 811-21959]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On November 26, 2008, applicant made a 
liquidating distribution to it shareholders, based on net asset value. 
Expenses of approximately $2,216 incurred in connection with the 
liquidation were paid by Centurion Investment Partners LLC, applicant's 
investment adviser.
    Filing Date: The application was filed on April 28, 2009.
    Applicant's Address: Centurion Investment Partners LLC, 5860 
Ridgeway Center Parkway, Suite 330, Memphis, TN 38120.

Ziegler Exchange Traded Trust [File No. 811-21827]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. On December 26, 2008, applicant made a 
liquidating distribution to its shareholders, based on net asset value. 
Expenses of $37,011 incurred in connection with the liquidation were 
paid by Ziegler Capital Management, LLC, applicant's investment 
adviser.
    Filing Date: The application was filed on April 21, 2009.
    Applicant's Address: 200 South Wacker Dr., Suite 200, Chicago, IL 
60606.

Legg Mason Permal Global Active Strategies Fund [File No. 811-22194]; 
Legg Mason Permal Global Active Strategies TEI Fund [File No. 811-
22195]; Legg Mason Permal Global Active Strategies Master Fund [File 
No. 811-22196]

    Summary: Each applicant, a closed-end investment company, seeks an 
order declaring that it has ceased to be an investment company. 
Applicants have never made a public offering of their securities and do 
not propose to make a public offering or engage in business of any 
kind.
    Filing Dates: The applications were filed on February 26, 2009, and 
amended on May 5, 2009.
    Applicants' Address: 55 Water St., New York, NY 10041.

BlackRock Multi-Strategy Hedge Advantage [File No. 811-21760]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On December 
1, 2008, applicant transferred assets of approximately $6,758,621 to 
MSHA Liquidating Trust. On December 8, 2008, applicant made a 
liquidating distribution in cash to its shareholders, based on net 
asset value. Expenses of approximately $154,660 incurred in connection 
with the liquidation were paid by applicant and BlackRock Advisors, 
LLC, applicant's investment adviser.
    Filing Dates: The application was filed on January 12, 2009, and 
amended on April 24, 2009.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, DE 19809.

BlackRock Multi-Strategy Hedge Opportunities LLC [File No. 811-21537]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On December 
1, 2008, applicant transferred assets of approximately $9,704,202 to 
MSHO Liquidating Trust. Also, on December 1, 2008, applicant made a 
liquidating distribution in cash to its shareholders, based on net 
asset value. Expenses of approximately $85,911 incurred in connection 
with the liquidation were paid by applicant and BlackRock Advisors, 
LLC, applicant's investment adviser.
    Filing Dates: The application was filed on January 12, 2009, and 
amended on April 24, 2009.
    Applicant's Address: 100 Bellevue Parkway, Wilmington, DE 19809.

RIC Coinvestment Fund LP [File No. 811-21900]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On November 
28, 2008, applicant made a liquidating distribution to its 
shareholders, based on net asset value. Expenses of $64,125 incurred in 
connection with the liquidation will be paid by applicant. Applicant 
has retained $72,616 in cash to pay outstanding expenses. Any amount 
left after payment of outstanding expenses will be distributed pro rata 
to applicant's shareholders.
    Filing Dates: The application was filed on January 21, 2009, and 
amended on February 2, 2009 and April 10, 2009.
    Applicant's Address: 1345 Avenue of the Americas, 46th Floor, New 
York, NY 10105.

Rand Capital SBIC, LP [File No. 811-21097]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. Effective 
December 31, 2008, applicant and its general partner, Rand Capital 
Management, LLC, both wholly-owned subsidiaries of Rand Capital 
Corporation, merged into Rand Capital SBIC, Inc. (``Rand SBIC''), 
another wholly-owned subsidiary of Rand Capital Corporation. As a 
result of the merger, all of applicant's limited and general 
partnership interests were converted into common stock of Rand SBIC and 
distributed to Rand Capital Corporation. Expenses of $33,300 incurred 
in connection with the reorganization were paid by Rand Capital 
Corporation.
    Filing Dates: The application was filed on February 13, 2009, and 
amended on April 17, 2009 and May 26, 2009.
    Applicant's Address: 2200 Rand Building, Buffalo, NY 14203.

[[Page 26899]]

Goldman Sachs Global Equity Long/Short Registered Fund, LLC [File No. 
811-21375]; Goldman Sachs Global Relative Value Registered Fund, LLC 
[File No. 811-21377]; Goldman Sachs Global Event Driven Registered 
Fund, LLC [File No. 811-21378]; Goldman Sachs Global Tactical Trading 
Registered Fund, LLC [File No. 811-21379]

    Summary: Each applicant, a closed-end investment company, seeks an 
order declaring that it has ceased to be an investment company. 
Applicants have never made a public offering of their securities and do 
not propose to make a public offering or engage in business of any 
kind.
    Filing Dates: The applications were filed on March 23, 2009, and 
amended on May 21, 2009.
    Applicants' Address: One New York Plaza, 39th Floor, New York, NY 
10004.

Man IP 220, LLC [File No. 811-21451]; Man Dual Absolute Return Fund 
[File No. 811-22070]

    Summary: Each applicant, a closed-end investment company, seeks an 
order declaring that it has ceased to be an investment company. 
Applicants have never made a public offering of their securities and do 
not propose to make a public offering or engage in business of any 
kind.
    Filing Date: The applications were filed on May 8, 2009.
    Applicants'Address: 123 N. Wacker Dr., 28th Fl., Chicago, IL 60606.

Pax World Growth Fund, Inc. [File No. 811-8097]; Pax World High Yield 
Fund, Inc. [File No. 811-9419]

    Summary: Each applicant seeks an order declaring that it has ceased 
to be an investment company. On April 2, 2007, each applicant 
transferred its assets to corresponding series of Pax World Funds 
Series Trust I, based on net asset value. Expenses of approximately 
$159,000 and $112,000, respectively, incurred in connection with the 
reorganizations were paid by each applicant.
    Filing Date: The applications were filed on May 8, 2009.
    Applicants' Address: 30 Penhallow St., Suite 400, Portsmouth, NH 
03801.

Access Capital Strategies Community Investment Fund, Inc. [File No. 
811-21889]

    Summary: Applicant, a closed-end investment company, seeks an order 
declaring that it has ceased to be an investment company. On July 28, 
2008, applicant transferred its assets to Access Capital Community 
Investment Fund, a series of Tamarack Funds Trust, based on net asset 
value. Expenses of $723,000 incurred in connection with the 
reorganization were paid by Voyageur Asset Management Inc., applicant's 
subadviser.
    Filing Dates: The application was filed on December 24, 2008, and 
amended on May 27, 2009.
    Applicant's Address: 419 Boylston St., Suite 501, Boston, MA 02116.

Separate Account VA-2NL of Transamerica Occidental Life Insurance 
Company [File No. 811-07232]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant requests deregistration based on 
abandonment of registration. Applicant is not now engaged, or intending 
to engage, in any business activities other than those necessary for 
winding up its affairs.
    Filing Date: The application was filed on March 11, 2009.
    Applicant's Address: 4333 Edgewood Road NE, Cedar Rapids, IA 52499-
0001.

Separate Account VA-2NLNY of Transamerica Financial Life Insurance 
Company [File No. 811-07370]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant requests deregistration based on 
abandonment of registration. Applicant is not now engaged, or intending 
to engage, in any business activities other than those necessary for 
winding up its affairs.
    Filing Date: The application was filed on March 11, 2009.
    Applicant's Address: 100 Manhanttanville Road, Purchase, NY 10577.

Genworth Life & Annuity VA Separate Account 3 [File No. 811-21970]

    Summary: Applicant seeks an order declaring that it has ceased to 
be an investment company. Applicant requests deregistration based on 
abandonment of registration. At the time of filing, applicant had less 
than 100 individual contract owners and was not making a public 
offering nor was it intending on making a public offering in the future 
and thus qualified for an exclusion from the definition of ``investment 
company'' in Section 3(c)(1) of the 1940 Act.
    Filing Dates: The application was filed on December 30, 2008, and 
amended and restated on February 20, 2009 and May 27, 2009.
    Applicant's Address: 610 West Broad Street, Richmond, Virginia, 
23230.

    For the Commission, by the Division of Investment Management, 
pursuant to delegated authority.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-12996 Filed 6-3-09; 8:45 am]

BILLING CODE 8010-01-P