Altrafin has 60plus clients and most of them have several bank relationships. For Altrafin it is technically impossible to bundle the voting rights for a single stock from over 30 banks and hundreds of accounts. The logistics involved, including sign offs by the beneficial owners for each single stock in a way that Altrafin may cast a vote, are not manageable. Altrafin follows the developments in the voting providers closely and would welcome a solution that would allow to participate in an efficient manner.
Furthermore, Altrafin applies a strict top down driven investment philosophy and usually has no direct contact with the companies it invests in. The majority of our portfolio holdings are large caps based in Europe and the US. Therefore, any direct involvement and engagement with them won’t have a significant impact.