Monday 13 December 2010

Fair Pensions asset manager analysis

Responsible investment campaign group Fair Pensions has released its analysis of the transparency (or otherwise) of asset managers, which is available here and worth a read.

What I like about it, as opposed to say the regular IMA survey, is that it does attempt to rate the quality and depth disclosures, rather than just counting disclosure as good. For example, anyone who has spent any time looking at the issue of voting disclosure will know that simply reporting votes against and abstentions is an inherently flawed model of reporting, as it hugely skews the picture (see the annual TUC survey for the explanation why). The only method of disclosure that is actually any use - to the end user rather than the institution that is - is disclosure of all votes on all resolutions.

Good stuff.

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