Myners Count on Myners

Paul Myners, the City bigwig, is worried about stock lending. The former Gartmore fund management boss reckons it’s one reason why so few votes are cast at company meetings. And that’s an issue where the UK government wants to see some action. Investors are increasingly lending stock just around annual meetings, Myners has found. That means hedge funds, who borrow the stock for a small fee, get to influence crucial company votes. This is potentially bad news. A hedge fund may end up with voting ...