Voting policy

Latitude Capital Management investment process makes voting in companies’ general assemblies non relevant. The stock picking derives from a quantitative analysis of stocks’ accounting and financial data. The fund managers are very rarely led to make an opinion on the resolutions put to vote.

On top of that, in Japan, the majority of general assemblies are held in a very short period of time. It is required to systematically call for intermediaries to attend assemblies, which implies a high cost.

By consequence, fund managers do not exercise their voting rights. Nevertheless, in some particular case, they could exercise the rights and report.

In 2007, the voting rights have not been exercised.