Contents 22


Geopolitical risks What could rising geopolitical tensions mean for investors? Andrew Holt reports.


12


Interview: David Vickers The chief investment officer of Brunel Pension Partnership discusses responsible investing, capturing rainwater, his problem with data and writing to Boris Johnson.


32


Impact investing


Impacting investing is stepping out of ESG’s shadow to be considered an investment strategy in its own right, but is it delivering? Mark Dunne reports.


42 De-risking


What should de-risking look like for defined benefit schemes in a world of rising gilt yields and double- digit inflation? Mona Dohle takes a look.


46


Property Real estate faces challenges in an uncertain economic environment, but is that a reason to dump the asset class? Andrew Holt reports.


6 News 8 Noticeboard


9 The Big Picture 10 Industry view


28 ESG Industry view 30 ESG News


50 The final countdown


Issue 117 | October 2022 | portfolio institutional | 5


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