But who is feeding him the line that 16 managers disclose their voting records?
I applaud the progress made by institutional investors in voluntary disclosure of voting. In 2003 only 2 institutions disclosed how they voted their shares. In a group of the largest firms, that figure is now 16 out of a possible 33, and represents 42% of managed UK equities. But there is clearly a long way to go before all savers can know how the ownership rights of shares - bought with their money - are exercised.
It sounds like it might be data taken from the IMA's annual survey engagement survey. But it's a very misleading claim. Here's a list of the fund managers that I'm aware of who do disclose useful info, and it's a bit less than 16!
F&C (can't find their record!)
CIS (the real pioneers of disclosure)
If anyone knows any others do let me know.