Monday, 20 April 2009


Because I'm a bit sad, I've spent a bit of time lately looking at fund managers' voting policies and records. It's a lonely job, because not many people are interested, which is a shame as an enterprising journo could easily dig out some nice little stories.

For example, recently I came across one manager which states clearly that: "[The manager] does not support the use of shareholder funds for political donations."

A fine policy, and one I whole-heartedly support.

Being a geek I went and looked at how they had voted on the proposal at Caledonia Investments' AGM in 2007 to make party political donations to the Tories. Yep, they voted in favour.

I'm not even shocked at this stuff anymore...

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