Contents 18


Interview: BA Pensions BA Pensions CIO David Stewart discusses the lockdown, optimism and making tactical calls.


23


Portfolio Insight: Secure income LGIM’s private credit team explain where investors can find the best opportunities.


36


Executive pay The size of an executive’s pay packet is coming under more and more scrutiny, but does it improve sustainability?


6 News 44 Equities


How should investors navigate the dislocation between economic fundamentals and corporate valuations?


10 Noticeboard 12 The Big Picture 14 Industry view 34 ESG: News 50 The final countdown


Issue 96 | September 2020 | portfolio institutional | 5


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