How Informed Are Actively Trading Institutional Investors? PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. CFA Digest May 2005 | Vol. 35 | No. 2 | 3 pages Source: CFA InstituteBin Ke Kathy PetroniKeith H. Black, CFA (Reviewer) Read Abstract The authors present evidence that institutional investors who are the most frequent traders have information that allows them to sell stocks before the worst earnings disappointments. This trading behavior is not seen in institutional investors with longer holding periods. This information advantage may decline, however, if Regulation Fair Disclosure causes companies to provide more information to the public while reducing their selective disclosure to institutional investors. View more information Topics Corporate Finance : Corporate Governance | Equity Investments : Fundamental Analysis (Sector, Industry, Company) and the Valuation of Individual Equity Securities Credits · About the CE Program 0 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: Credit Suisse Global Wealth Report The "Credit Suisse Global Wealth Report" is a comprehensive study of world wealth that analyzes the world’s entire 200 trillion ... More Credit Suisse Global Wealth Databook This Databook displays the detailed dataset backing the "Credit Suisse Global Wealth Report," the comprehensive study of world ... More Top Hedge Fund Investors: Stories, Strategies, and Advice This book chronicles top hedge fund investors that played key roles in the industry, including substantial information on manager sourcing, ... More Loading ...