SECURITIES AND EXCHANGE COMMISSION
[Release No. IC-30290]
Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
EM Capital Management, LLC [File No. 811-22687]; Global Investor Trust [File No. 811-22694]
Summary:Each applicant 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. EM Capital Management, LLC represents that it filed to register as an investment company in error and that it is not, and does not intend to operate as, an investment company. EM Capital Management, LLC will continue to operate as an investment adviser. Global Investor Trust will continue to operate as a private investment fund in reliance on section 3(c)(1) or 3(c)(7) of the Act.
Filing Dates:The applications were filed on October 31, 2012. Global Investor Trust filed an amended application on November 30, 2012. EM Capital Management, LLC filed amended applications on December 3, 2012 and December 4, 2012.
Applicants' Address:920 Country Club Dr., Suite 1E, Moraga, CA 94556.
For the Commission, by the Division of Investment Management, pursuant to delegated authority.
Jill M. Peterson,