Coverage, charts, video and research on Explainers for universal owners.
The youngest and most domestically focused of Abu Dhabi's three sovereign investors — how ADQ was built, what it owns, and how the 2026 LIMAD restructuring changes it.
The rules-based middle ground between passive indexing and active stock-picking, and why the world's largest allocators think in factors rather than asset classes.
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.
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.
A reference portfolio is the simple, low-cost benchmark that tells a sophisticated fund whether all its complexity is actually adding value.
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.
Hyperscalers are spending toward $700 billion a year on AI infrastructure. What the capex supercycle means for long-horizon asset owners.
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.
How the world's oldest sovereign wealth fund turns Kuwait's oil revenue into more than a trillion dollars of intergenerational savings.
GIC manages Singapore's foreign reserves for the government, does not own them and does not publish their size. Its 2025/26 report put the 20-year real return at 3.4%. Here is what that means.
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.
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.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
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