Pension Funds
Defined Benefit vs Defined Contribution Pensions
Who bears the investment risk, how each model invests, and why the decades-long shift from DB to DC quietly rewired the world's pension capital.
Topic
Explainers
Coverage, charts, video and research on Explainers for universal owners.
Latest in Explainers
Pension Funds
Liability-Driven Investing (LDI), Explained
LDI matches pension assets to pension promises. How it works, why leveraged versions broke in the UK in 2022, and what allocators learned.
Institutional Investing
The Endowment Model (Yale Model), Explained
Pioneered at Yale, the endowment model trades liquidity for higher long-run returns through private equity, venture and real assets. How it works and where it strains.
Sovereign Wealth Funds
The Norwegian Model of Investing, Explained
Low cost, broad diversification, near-index public-market exposure and active ownership: how Norway's sovereign fund became a template for long-horizon investing.
Pension Funds
The World's Largest Pension Funds
Who the biggest pension funds are, how much they manage, and why pension capital is concentrating into a handful of giants.
Sovereign Wealth Funds
Sovereign Wealth Fund vs Pension Fund: Key Differences
Both are giant long-horizon investors, but they answer to different owners and different liabilities. How sovereign wealth funds and pension funds actually differ.
Sovereign Wealth Funds
How Do Sovereign Wealth Funds Make Money?
How sovereign wealth funds are funded, where they invest, and how they turn national savings into multi-decade returns.
Family Offices
What Is a Family Office?
What a family office actually does, how large the sector has become, and why the biggest now allocate capital like sovereign and pension funds.
Institutional Investing
The Total Portfolio Approach, Explained
Why the world's most sophisticated funds are abandoning fixed asset-class buckets for a single, competition-for-capital view of risk and return.
Infrastructure
Energy Transition Infrastructure as an Asset Class
Grids, storage, renewables and the power behind AI: how the energy transition became an infrastructure asset class long-horizon owners can no longer ignore.
The Daily Brief
The morning briefing for the people who allocate long-horizon capital.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Free. Built for institutional capital.
You’re on the list. Tomorrow’s brief will arrive in your inbox.
Please enter a valid email.