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GLG Partners LP

PRI reporting framework 2017

Export Public Responses

You are in Direct - Listed Equity Active Ownership » (Proxy) voting and shareholder resolutions » Outputs and outcomes

Outputs and outcomes

LEA 23. Percentage of (proxy) votes cast

23.1. For listed equities where you and/or your service provider have the mandate to issue (proxy) voting instructions, indicate the percentage of votes cast during the reporting year.

Votes cast (to the nearest 1%)

50 %

Specify the basis on which this percentage is calculated

23.2. Explain your reason(s) for not voting certain holdings

23.3. Additional information. [Optional]

A 50% voting percentage represents a number of factors: 1) we are constrained by a number of investment mandates that prohibit us from voting on behalf of our clients (5-10% of total); and 2) a large number of GLG's equity funds have historically chosen to trade in contracts for difference (CFDs) and other types of synthetics/swaps which means that the prime broker is the underlying shareholder with voting control.

LEA 24. Proportion of ballot items that were for/against/abstentions

24.1. Indicate if you track the voting instructions that you and/or your service provider on your behalf have issued.

24.2. Of the voting instructions that you and/or third parties on your behalf issued, indicate the proportion of ballot items that were:

Voting instructions
Breakdown as percentage of votes cast
For (supporting) management recommendations
92.8 %
Against (opposing) management recommendations
7.17 %
.02 %

24.3. Describe the actions you take after voting against management recommendations.

          If an investment team directs our proxy voting service provider to vote against management's recommendations, investment teams will typically relay this to the company and explain their rationale for the vote. If our investment teams do not direct our proxy voting service provider to vote against management recommendations, it is because it is consistent with our proxy voting policy and no action will be taken.

24.4. Additional information. [Optional]

LEA 25. Shareholder resolutions (Not Completed)

LEA 26. Examples of (proxy) voting activities (Not Completed)