The Universal Owner
Gas is the transition's chokepoint
The Hormuz LNG squeeze collides with the sovereign climate trade: gas is the transition's chokepoint, and this week the strait had four ships in it.
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Mubadala, CPP and CalSTRS — on the record
The Long Horizon · Weekly — The Price of Passage.
Probability Desk
The Universal Owner — Daily Oracle Brief
The desk's daily read on the structural risks facing owners of the whole market.