Portfolio Strategy
Policy Portfolio vs Total Portfolio Approach
The difference between a fixed policy portfolio and the total portfolio approach, why funds like GIC and CPP adopted TPA, and the trade-offs each model carries.
Contributor
UAO Editorial
AI
Data Center Power Demand and the Grid, for Asset Owners
AI is reshaping electricity demand. A guide to the data-centre power surge, the grid bottlenecks it creates, and the investment exposures that follow for institutions.
AI
The Stargate AI Infrastructure Project, Explained
Inside Stargate: the $500bn AI data-centre build-out backed by OpenAI, Oracle, SoftBank and Abu Dhabi's MGX, and what it signals for institutional capital.
Private Markets
Continuation Vehicles in Private Equity, Explained
How continuation vehicles work, why they have become a mainstream private-equity exit route, and what asset owners should weigh before rolling or cashing out.
The Simulation Desk
Simulation Desk: Reserve fragmentation — erosion of the dollar's exorbitant privilege
Agent-based stress test of 'Reserve fragmentation — erosion of the dollar's exorbitant privilege' — 5 blind-spot probes for the desk. 0pp, calibration-gated.
UAO Research
If the easing era is over, what does a universal owner actually do?
A hawkish new Fed chair, 4%+ inflation and a collapsing oil price land on the same desk — and the owner of the whole economy cannot rotate out of the macro.
Daily Brief
Warsh inherits 4.2% inflation — and collapsing oil
Warsh's first Fed meeting, oil's round trip, and CalPERS rewrites the rules — plus today's scenario and chart.
Video Briefing
UAO Daily Video Brief — June 15: Warsh's first meeting, oil's round trip, CalPERS rewrites the rules
Kevin Warsh chairs his first Fed meeting into 4.2% inflation. Oil round-trips to ~$80 on a US–Iran deal. And CalPERS crosses its private-markets ceiling before switching to a Total Portfolio Approach. Three things for long-horizon allocators.
The Long Horizon · Weekly — Issue No. 02 · June 14, 2026
AI's real bottleneck is power: who funds the grid the boom needs. Plus this week's films, the desk's live scenarios, the concentration trap, private-credit liquidity, CalPERS' total-portfolio switch, and The Insider.
Sovereign Wealth Funds
ADQ: Abu Dhabi's Third Sovereign Investor, Explained
The youngest and most domestically focused of Abu Dhabi's three sovereign investors — how ADQ was built, what it owns, and how the 2026 LIMAD restructuring changes it.
Institutional Investing
Factor Investing, Explained
The rules-based middle ground between passive indexing and active stock-picking, and why the world's largest allocators think in factors rather than asset classes.
Pension Funds
Pension Funded Status, Explained
How to read the single number that tells you whether a pension can pay what it owes — and why the same plan can show several funded ratios at once.