Contents


12


Interview: Robert Waugh The chief executive and co-chief investment officer of Natwest’s pension fund discusses risk appetite, the beauty of wood and not telling people that you work for a bank.


24 A just transition


How are institutional investors funding a just transition to net zero?


38


Diversity How can broader representa- tion be incorporated into the investment process?


42 Hedge funds


The asset class might look appealing in an uncertain world, but only if you find the right fit.


6 News 8 Noticeboard


9 The Big Picture 10 Industry view


21 ESG Industry view 22 ESG News


46 The final countdown Issue 112 | April 2022 | portfolio institutional | 5


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