Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
A guide to the most authoritative places to research sovereign wealth funds — the data platforms, rankings, governance indices and primary documents that professionals actually use.
How bulk annuities — buy-ins and buyouts — let defined benefit pension schemes offload risk to insurers, and why the UK market is heading for a record 2026.
How Australia's Future Fund — the country's largest financial asset — invests around A$269 billion against a CPI-plus mandate, and why its 2025 remit change matters.
How Japan's Government Pension Investment Fund — the world's largest pension fund — invests close to ¥293 trillion through a famously simple four-asset model.
How CalSTRS — the largest educator-only pension fund on earth — invests over $400 billion, where its funded status sits, and why its Collaborative Model matters.
How CalPERS — America's largest public pension fund — invests roughly $600 billion, where its funded status sits, and why allocators watch its every move.
Agent-based stress test of 'Sovereign-debt sustainability & fiscal dominance' — 5 blind-spot probes for the desk. 0pp, calibration-gated.
Why estimates of the private credit market vary so widely, what is actually being measured, and why asset owners keep allocating to it.
What pension risk transfer means, how buyouts and buy-ins differ, why higher rates triggered record de-risking, and how it reshapes institutional capital.