Gargano, Antonio; Rossi, A. G.; Wermers, Russ - 2015
We document a little-known source of information exploited by sophisticated institutional investors: the Freedom of … Information Act (FOIA), a law that allows for the disclosure of previously unreleased information by the U.S. Government. Through … FOIA requests, we identify several sophisticated institutional investors, chiefly hedge funds, that request information …