Kathy Manning, a congress member representing North Carolina's 6th congressional district, recently made a series of significant transactions involving Seven Bridges funds, according to a recently released congressional trade report. For investors interested in tracking congressional trading patterns, InvestingPro offers comprehensive tools to monitor institutional investor activities and identify potential market opportunities.
The report reveals that Manning sold stakes in several Seven Bridges funds towards the end of 2024 and the beginning of 2025. The transactions were made via various investment vehicles, including the 2021 Kathy E. Manning Irrevocable GST Trust FBO Randall R Kaplan & Descendants, Randall R. Kaplan Irrevocable GST FBO Kathy Manning & Descendants, and the RRK Charitable Trust U/A 11/28/00 #2.
In one of the largest transactions, Manning sold a stake in the Seven Bridges Strategic Equity Fund Series valued between $1,000,001 and $5,000,000. This transaction was executed on December 31, 2024, through the investment vehicle Randall R. Kaplan Irrevocable GST FBO Kathy Manning & Descendants.
In addition to the Strategic Equity Fund Series, Manning also sold stakes in the Seven Bridges Emerging Markets Fund Series, the Seven Bridges Long/Short Equity Fund Ltd. and Series, and the Seven Bridges Multi-Strategy Fund Ltd. These transactions ranged in value from $15,001 to $1,000,000.
All the aforementioned funds are classified as Hedge Funds, as indicated by the transaction type code [HN] in the congressional trade report. This classification implies that these funds use a range of strategies in order to earn active return, or alpha, for their investors. Recent hedge fund performance data available on InvestingPro shows that multi-strategy funds have outperformed single-strategy funds by approximately 8% over the past year.
The transactions highlight the active role that Kathy Manning is taking in managing her investment portfolio, with a clear focus on adjusting her positions in various hedge funds.
As always, investors are advised to monitor the investment activities of influential figures such as congress members, as their actions can sometimes provide insights into broader market trends.
However, it's also important to conduct thorough research and consider a wide range of factors before making any investment decisions. Subscribers to InvestingPro gain access to exclusive institutional trading data, comprehensive market analysis tools, and real-time alerts on significant portfolio movements by influential investors.
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