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REDDIT
Why do most (if not all) of the asset management firms file at the same day?
The SEC’s rule says any manager with over $100 million AUM must file within 45 days after the quarter ends. However, on August 14 many firms filed on the same day. I mean they could have filed on the 10th, 11th, or any other date in that period, so why does everyone wait until the same day?