We study a group of mutual funds in China that are issued and controlled by individuals, so-called “individual-controlled funds (ICF)”. Unlike funds affiliated with other organizations, ICF managers are arguably free of the influence of potential conflicts of interest and should see the...

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...