Whose money is it anyway? How blockchain technology can give control back to investors

There is over $112trillion of assets held in funds globally. As the chart below indicates, there are a handful of asset managers who control huge pools of capital and make decisions on behalf of investors. Unfortunately, the % of registered shareholders who vote on quoted companies’ resolutions is low. “The information gap is one of the biggest challenges to retail participation in proxy voting,” Gabe Rissman, co-founder of YourStake, is quoted as saying in a report by CNBC , (YourStake being an ESG and socially responsible investing portfolio analysis and reporting tool for asset managers). This is surely not right, since with the correct technology and right controls in place asset managers ought to be embracing what their customers really want.

Managers ranked by total worldwide institutional assets under management

(assets in billions as of Dec. 31, 2021)

Source: Pensions and Investment

There has been a huge growth in funds dedicated to Environmental Social Corporate Governance (ESG)-…