Institutional investors gain an information advantage from conducting private meetings with listing companies. Activities such as corporate site visits are informative for fund managers and stock analysts. We propose that mutual funds strategically conduct visits to their key holding firms and...

Nearly one in five hedge funds change their share restrictions (e.g., lockup) from 2007 to 2012. Using a large panel dataset, this paper is the first to empirically examine the incidence, determinants, and consequences of share restriction changes. We find that funds with high asset liquidity...