Contents


12


Interview: Jennifer Devine The head of the Wiltshire Pension Fund discusses pooling, private assets, sustainability and inflation.


20 Undervalued assets 26


ESG interview: Professor Riccardo Rebonato The scientific director of the EDHEC-Risk Climate Impact Institute is encouraged by institutional investor efforts to address climate change but says more work is needed.


Volatility has created huge opportunities for value-hungry investors. The question is, where are they?


30 Water 38 Discussion: Stewardship


With plastics and other pollutants pouring into our rivers and oceans at an alarming rate institutional investors need to act to protect our ecosystem.


portfolio institutional sat down with asset owners, the stewards of their capital and their advisers to find out what good stewardship looks like.


46 Private markets


The investment case for investing in illiquid assets is strong, but there are hurdles to jump if defined contribution schemes are to benefit.


6 News 8 Noticeboard 9 The Big Picture


10 Industry view 25 ESG: News 50 The final countdown


Issue 125 | July-August 2023 | portfolio institutional | 5


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