Buy side Archive

Mar 06, 2020
Increasing number of investors vote against FTSE 250 pay deals
Around a quarter of FTSE All-Share companies were subject to shareholder discontent and appeared on the Investment Association’s (IA) Public Register in 2019, with a high percentage of shareholder votes opposing FTSE 250 companies’ remuneration packages during last year’s proxy season, reveals the association. The register records whenever there is at least 20 percent of shares voted against a corporate board decision at an annual general meeting or general me...
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Mar 03, 2020
‘Communications gap’ between companies and investors leaves door open to activists, says survey
Close to half of investors do not proactively engage with the management of companies they invest in or follow, creating a ‘communications gap’ that could be exploited by activist investors, according to new research.  Just 55 percent of investors surveyed by the Boston Consulting Group (BCG) would describe their engagement approach as ‘active’, while only 57 percent say they would feel comfortable speaking directly to management about any frustrations they...
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Feb 05, 2020
Shaping Trillium’s plans for 2020
Trillium filed nine board or executive diversity proposals in 2019, up from four last year. What’s behind that focus? These shareholder proposals on executive team diversity were the first of their kind to be filed. This first effort was a proof of concept to see what the results and outcomes would be, and we thought it was very positive both in terms of companies making commitments to improve diversity and, when we did need to go to a vote, getti...
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Jan 28, 2020
Another bad year for hedge funds sees closures and outflows
The hedge fund industry suffered another difficult year in 2019 with continuing fund closures and significant outflows, according to new research. Last year the total number of hedge funds declined for the fifth straight year to 9,448, with 540 closures compared with 391 launches, reports HFR, a data and research firm.  Investors also pulled a net $43.1 bn from hedge funds during 2019, marking the second consecutive year of outflows and bringing the net amou...
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Jan 22, 2020
Opinion: How companies should interpret Larry Fink’s letter
Rather than getting caught up in a debate over fiduciary duty or whether or not sustainability or ESG performance is material, let’s just cut to the chase on the latest BlackRock letter. It’s still a company’s choice whether to disclose ESG information. If your company is selling a product or a service, you are obviously responding to customer demands and interests. So what about customers buying your stock? If they are increasingly asking for ESG information, how do...
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Jan 21, 2020
Investor confidence rises ahead of US earnings season
Investors are feeling a renewed sense of bullishness as we head into US earnings season, according to new research. The proportion of investors who call themselves ‘bullish’ or ‘neutral to bullish’ has risen to 52 percent this quarter, up from 37 percent three months ago, reports Inside The Buy-side, a quarterly study conducted by Corbin Advisors.  Expectations for US GDP figures have also improved: 60 percent say they expect growth of 2.5 percent fo...
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Jan 15, 2020
BlackRock signals renewed climate focus
BlackRock has this week made major announcements highlighting renewed efforts to integrate climate change into its investment process – putting greater pressure on boards to act on the firm’s climate-related concerns raised during engagements.  In his annual letter to CEOs, BlackRock chair and CEO Larry Fink notes that climate change ‘has become a defining factor in com...
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Dec 16, 2019
UK non-profit prioritizes importance of impact investing for pension funds
UK pension funds lead the list of targets for the Impact Investing Institute next year, in the latest example of asset owners pressuring asset managers to integrate ESG factors into their decision-making process. Launched in November in London, the Impact Investing Institute is an independent non-profit formed by a group of impact investment advocates. It believes impact investment helps pension holders reconnect with the purpose of capital while satisfying a strong...
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Dec 02, 2019
IR Magazine Winter 2019
A light in the dark I recently spoke to Jim Toes, CEO of the Security Traders Association, about how the unprecedented number of issuer letters sent to the SEC about the access-fee pilot last year could be a sign that IR teams are getting more up to speed on market structure issues. He cited the increase in trading activity on dark pools as another issue IR teams need to be aware of. ‘Understanding where your stock is traded, why and b...
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