Ohio's 7th congressional district representative, Max Miller, has recently made an investment in AIX Ventures Fund II, LP (GLAS Funds, LP). The transaction was carried out on August 22, 2024, with the notification date being August 28, 2024.
The investment was made in the form of a capital call, a demand by a company for the payment of any unpaid portion of the issued share capital. The dollar value of the investment falls within the range of $1,001 to $15,000. This investment signifies a purchase, as indicated in the congressional trade report.
The asset is a part of hedge funds and private equity funds (non-EIF), as indicated by the transaction type. This type of investment is typically considered higher risk and higher reward, often used by investors looking for diversification outside of traditional securities.
The investment was made through the 2012 Trust, an investment vehicle used by the congressperson. Trusts are commonly used for managing assets, providing a legal framework for property to be held for the benefit of specific individuals or organizations.
As required by the STOCK Act, all transactions made by congress members are disclosed and made public to ensure transparency. This act aims to prevent any form of insider trading within the government.
Representative Max Miller's investment into AIX Ventures Fund II, LP (GLAS Funds, LP) is in line with these regulations, and the details of the transaction have been duly reported and certified.
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