The easing put expires today · PSP Fund Results: $320.6bn (+7%)
Volume 1, Issue 37 · Wednesday, June 17, 2026 · The Universal Owner — daily intelligence for long-horizon capital. Daily Video Brief · 1:59“
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Sovereign Wealth Funds
The Best Research Sources on Sovereign Wealth Funds
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.
Pension Funds
What Is a Bulk Annuity? Buy-ins and Buyouts, Explained
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.
Sovereign Wealth Funds
The Future Fund, Explained: Australia's Sovereign Wealth Fund
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.
Pension Funds
GPIF, Explained: Japan's $2 Trillion Pension Giant
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.
Pension Funds
CalSTRS, Explained: The World's Largest Educator Pension Fund
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.
Pension Funds
CalPERS, Explained: Inside the Largest US Pension Fund
How CalPERS — America's largest public pension fund — invests roughly $637 billion, where its funded status sits, and why allocators watch its every move.
The Simulation Desk
Simulation Desk: Sovereign-debt sustainability & fiscal dominance
Agent-based stress test of 'Sovereign-debt sustainability & fiscal dominance' — 5 blind-spot probes for the desk. 0pp, calibration-gated.