Fund managers to be 'named and shamed' by companies

Fund managers will be scored and ranked by companies they own, under new plans to improve investor engagement.

Individual fund managers will be given marks out of five rating their understanding of the companies in which they invest, their ability to ask relevant questions at meetings and whether they attend meetings properly briefed and on time, the Times reports.  League tables ranking the managers will then be made available to investee companies and investors themselves. The proposal has been made by the Investor Stewardship Working Party, which includes representatives of large investment houses. It is intended to improve engagement between investors and listed companies. In conjunctio...