The Long Horizon
Duty across time — intergenerational obligation, demographic change, and governance for a horizon longer than any career.
Read the latest Full archiveWhat do we owe the unborn beneficiary?
Duty across time — intergenerational obligation, demographic change, and governance for a horizon longer than any career.
- The Intergenerational Ledgerone decision per issue where today's beneficiaries and tomorrow's diverge.
- Demographic Dividend Watchhow ageing, migration and population change reshape the long-horizon portfolio.
- The 100-Year Portfolioa thought-experiment column on allocating beyond any career.
Inside UAO Fiduciary
The Long Horizon is one of seven sections in the weekly UAO Fiduciary briefing — the home for what the world’s largest owners owe their beneficiaries, their economies and the future. Every section ships inside one master newsletter.
Latest reporting.
What do you owe the beneficiary not yet born?
A sovereign fund's real client may be a citizen who will not be born for decades. Duty has to stretch to meet them.
Demographics is destiny: the ageing-portfolio problem
The slowest-moving systemic risk is also the most certain. Ageing populations are already reshaping the long-horizon portfolio.
The 100-year portfolio: a thought experiment with real stakes
Imagine allocating for a horizon longer than any career. The exercise changes what counts as risk.
Read The Long Horizon every week.
It lands inside UAO Fiduciary, alongside all seven sections.
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