they had in 2016. Firms increased diversity by identifying candidates beyond managers' existing networks and by placing …

Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has … come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over … environmental and social issues. Major fund managers now offer their investors a choice: delegate their votes to the fund or cast …

, shareholder proposals, and companies where fixed-income managers are more likely to be attentive and share an interest with equity …