As some people will be aware, I’ve been looking into changes in voting turnout at companies in trouble. Short version: turnout has fallen at several such companies, in some cases significantly. Why this might be is another question. Since several of th…Read more…
Dividend trades and voting
Obviously, I’ve not been blogging much lately, but something I’ve been spending a bit of time looking at is dividend arbitrage. In it its most well-known version, this is the practice of shifting stock around the ex dividend in order minimise tax payab…Read more…
What business are asset managers in?
Another issue I am starting to look at in more detail is the overlap between stock-lending, shorting and other activity. I was recently pointed in the direction of some of BlackRock’s literature on stock-lending and it fed my sense that at least parts …Read more…
Stock-lending and shorting, again
I’ve been thinking a bit more about the potential conflicts of interest around stock-lending and shorting in light of the RD:IR paper I blogged about a couple of weeks back. It suggested that passive managers are in part able to offer lower fees becaus…Read more…
Shorting and stock-lending
Via LinkedIn (sorry!) I came across this interesting paper from RD:IR on what’s going on with regards to stock-lending in the UK. Definitely worth a quick read for anyone with an interest in this area.
A couple of headline – the overall level of lendi…Read more…