Pension Funds
Pension Funded Status, Explained
How to read the single number that tells you whether a pension can pay what it owes — and why the same plan can show several funded ratios at once.
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Explainers
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Latest in Explainers
Pension Funds
The Discount Rate and Pension Liabilities, Explained
Why a single assumption — the discount rate — can swing a pension plan's reported liabilities by hundreds of billions, and how the post-2022 rate regime reshaped funded status.
Institutional Investing
The Reference Portfolio, Explained
A reference portfolio is the simple, low-cost benchmark that tells a sophisticated fund whether all its complexity is actually adding value.
Private Markets
Co-Investment vs Direct Investment for Asset Owners
How large asset owners use co-investment and direct investment to cut private-market fees and take more control — and where each approach goes wrong.
AI
The AI Capex Supercycle and the Long-Term Portfolio
Hyperscalers are spending toward $700 billion a year on AI infrastructure. What the capex supercycle means for long-horizon asset owners.
Gulf Capital
MGX: Abu Dhabi's AI Investment Vehicle, Explained
How Abu Dhabi built a $100 billion AI investment vehicle and why MGX has become a central player in the global AI infrastructure build-out.
Sovereign Wealth Funds
Kuwait Investment Authority (KIA), Explained
How the world's oldest sovereign wealth fund turns Kuwait's oil revenue into more than a trillion dollars of intergenerational savings.
Sovereign Wealth Funds
GIC: Singapore's Sovereign Wealth Fund, Explained
How GIC manages Singapore's foreign reserves for the long term, what it owns, and how its 20-year real return defines success.
Asset Owners
Who Are the Largest Asset Owners in the World?
The world's 100 largest asset owners control about $29.3 trillion. A guide to who tops the list — sovereign wealth funds and pension funds — and why they matter.
Portfolio Strategy
The Total Portfolio Approach, Explained
The total portfolio approach judges every investment by its contribution to the whole fund's goal rather than to an asset-class benchmark. A guide to how TPA works and who uses it.
Sovereign Wealth Funds
Abu Dhabi Investment Authority (ADIA), Explained
ADIA is Abu Dhabi's roughly $1.1 trillion sovereign wealth fund and one of the world's oldest and most diversified global investors. A guide to how it is run and how it invests.
Private Markets
Infrastructure as an Asset Class, Explained
Infrastructure has become a core institutional allocation, prized for stable, inflation-linked cash flows. A guide to how asset owners invest in it and what returns to expect.
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