Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Energy transition infrastructure spans the generation, grids, storage and electrified demand of a lower-carbon energy system. Global investment passed two trillion dollars a year in the mid-2020s. Here is what it covers and why it suits long-horizon owners, with dated figures.
Our research hub on climate, nature and the energy transition as financial risks for long-horizon investors: systemic and physical risk, transition risk, net-zero portfolios, nature and natural capital, and how owners respond.
For an investor that owns the whole economy, climate change is not an asset to trade around but a system-level risk that cannot be diversified away. Here is why universal owners treat it as financial, and what they can actually do about it.
A practical checklist for committees: separate skill from leverage and illiquidity premia, stress your own liquidity assuming gates, and read the covenant package before the yield.
30-year yields hit multi-decade highs from Tokyo to London on an oil shock. Brussels cuts growth, Jakarta hikes, and AI's power bill keeps rising. One chart, one take.
30-year yields hit multi-decade highs from Tokyo to London on an oil shock. Brussels cuts growth, Jakarta hikes, and AI's power bill keeps rising. One chart, one take.
Long-dated government-bond yields hit multi-decade highs across the US, Japan, Germany, and the UK at once on a Middle East oil shock. Plus Europe's growth-down, inflation-up forecast and Bank Indonesia's surprise hike. Three things for the people who allocate long-horizon capital. Full brief: https
UAO Research · May 25, 2026 · Macro / Capital Markets · Feeds: the duration theme that recurs in The Universal Owner Risk Radar For most
30-year yields hit multi-decade highs from Tokyo to London on an oil shock. Brussels cuts growth, Jakarta hikes, and AI's power bill keeps rising. One chart, one take.
The binding constraint on AI is electricity, not chips — and a universal owner sits on every side of it. One long read, one chart.
The binding constraint on AI is electricity, not chips — and a universal owner sits on every side of it. One long read, one chart.
Fitch puts US private-credit defaults at a record 6%, with most stress hidden in PIK. The Big Three split their stewardship. The Fed reshuffles its fears. One chart, one take.