In the US there is a “black box” type meeting takes place with select investors. This is where corporate executives secretly yet legally meet with institutional investors to discuss their business and the industry outlook in general. This insider information trail is the subject of an academic report from five researchers. But rather than study US private meetings, which are confidential and thus not quantifiable, the study target were companies traded in China, where such private meetings are required to be documented and eventually publicly disclosed. The study findings, that significant stock trading took place around private meetings, shouldn’t be…
New Study Examines "Black Box" of Private Investor Meetings
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.