The UAO Insider
The $184bn Half That Nobody Should Bank On
Norway books a record half and warns you off it, the Caisse beats its equity index and still misses its benchmark, and IMCO's CIO resigns — along with the job itself.
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
The UAO Insider
CalPERS Posts 14.8%. The Harder Number Is 85%.
CalPERS records its strongest return in five years and reaches 85% funded status. Plus: BlackRock at $15.34 trillion, Taiwan's $3 billion climate mandate, and PIF's nonbinding I Squared agreement.
The UAO Insider
The $70bn Outsourcing That Should Worry Every CIO
Verizon closes its investment office, CalPERS buys into Russell, and Hormuz returns as a live portfolio risk.
The UAO Insider
UAO Insider: Resilience Becomes the Portfolio
The world's sovereigns and central banks are not just changing asset classes — they are changing what "safe" means. Grids, gold, the AI stack and simpler operating models.
The UAO Insider
UAO Insider: Sovereigns and Pensions Change their Assumptions
Sovereigns and pensions are changing the assumptions: NZ Super marks down its benchmark, La Caisse defends engagement over divestment, PIF goes 80/20.
The UAO Insider
UAO Insider: Al-Rumayyan just drew a line in Europe.
UniversalAssetOwners.com UAO Insider People, power, relationships and influence across the world's largest asset owners Issue 4 · Saturday, 20 Jun
The UAO Insider
UAO Insider — Issue 3
People, power and influence across the world’s largest asset owners. The week of 5–12 June 2026.
The UAO Insider
UAO Insider — Issue 2
People, power and influence across the world’s largest asset owners. The week of 29 May–5 June 2026.