Fiduciary Duty
Fiduciary Duty in the EU
Europe approaches investor duty through directives and disclosure rather than a single fiduciary statute — and the 2025-26 reforms are redrawing where sustainability fits in.
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Fiduciary Duty
Fiduciary Duty for Public Pension Funds
Why public pension funds answer to state law and the exclusive-benefit rule rather than ERISA — and how that shapes the ongoing fight over ESG and investment mandates.
Stewardship
What Is a Voting Policy?
How institutional investors decide the millions of proxy votes they cast each year — and why the role of ISS and Glass Lewis is now shifting.
Stewardship
What Is a Stewardship Report?
What a stewardship report is, what the UK Stewardship Code 2026 expects it to contain, and how to tell a substantive report from a glossy one.
Stewardship
Engagement vs Divestment: Which Actually Works?
The evidence on whether selling or staying does more to change corporate behaviour — and why universal owners lean toward engagement backed by a credible exit threat.
Stewardship
What Is Shareholder Engagement?
How universal owners use dialogue, voting and escalation to influence the companies they hold — and what separates real engagement from box-ticking.
The Simulation Desk
Simulation Desk: Insurance retreat to collateral repricing — uninsurability bleeds into property value
Agent-based stress test of 'Insurance retreat to collateral repricing — uninsurability bleeds into property value' — 5 blind-spot probes for the desk. 0pp, calibration-gated.
video
UAO Daily Video Brief — June 22, 2026
The UAO Daily Video Brief, read by our presenter: the AI build-out becomes a credit story, China’s new rare-earth
Research
The universal owner is now the lender of the AI build-out
Research & Commercial Insight · June 22, 2026 · UAO Research There is a tidy story large allocators have told themselves about artificial intelligence: