Intelligence for long-horizon capital — a daily brief plus weekly long-form interviews, for sovereign wealth funds, pensions, insurers, endowments, and family offices.
Mubadala, CPP Investments and CalSTRS answered our questions on the record. A special episode of The Universal Owner: what US$1.3 trillion of permanent capital said, word for word — and what it means.
The Universal Owner — “You own it. Now you’re lending to it.” Today’s ~7-minute audio briefing: the credit migration (Nvidia’
The Fed moved its own 2026 median dot above today's policy rate and put nine officials on record for a hike. For owners of long-duration everything, that is the week. One chart.
The Warsh Fed held rates, erased the last cut, and nine members now dot a hike this year. The world's largest fund just recovered $68bn from its Q1 rout. One chart.
Data-centre demand doubles to ~945 TWh by 2030. The universal owner sits on every side of it.
SpaceX's governance revolt, the first fund to walk away, and the $20 billion pressure valve in private credit — plus one chart.
CalPERS retires asset-allocation targets July 1, rewires staff pay next week, and the private-credit split widens — plus one chart.
Correction: the earlier four-fund Canada comparison mixed six-month and one-quarter returns. Almaraz operating licences run to 8 June 2030; physical-protection dates do not. RBI closed new FCNR(B) deposits after $52.300bn. CPP Investments printed a 7.5% quarter.
NBIM votes 0.01% of SpaceX. GIC backs Anthropic's landlord. Six giants chase $500bn of compute credit. Canada's pensions split 9.5 / 5.1 / 4.8.
NBIM votes 0.01% of SpaceX. GIC backs Anthropic's landlord. Six giants chase $500bn of compute credit. Canada's pensions split 9.5 / 5.1 / 4.8.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Complimentary — subscriptions are reviewed by our editorial desk, and you'll receive a notice once approved.
You’re on the list. Tomorrow’s brief will arrive in your inbox.
Please enter a valid email.