Coverage, charts, video and research on Long-Horizon Investing for universal owners.
Our research hub on universal ownership: the theory, why externalities and systemic risk land on the portfolio, the role of stewardship and fiduciary duty, and how universal owners differ from ordinary asset owners.
A universal owner is an investor so large and diversified that it effectively owns a slice of the entire economy. That changes the job from picking assets to managing the system. Here is the theory and what it means in practice.
A plain-English glossary of the language of long-term institutional capital: the funds, the allocation frameworks, the governance terms, and the climate and megatrend risks that universal asset owners care about. Each term links to a fuller explainer.
Our research hub on the structural forces that shape returns over a sovereign or pension investor's multi-decade horizon: sovereign AI and AI infrastructure, energy security, critical minerals, supply chains, food, demographics, fiscal sustainability and deglobalisation.
Sovereign AI is the drive by nations to control their own AI compute, data and models. Sovereign wealth funds are now central financiers of it. Here is what the term means and what the build-out implies for long-term investors, with the usual caveats on fast-moving figures.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
Five minutes, five days a week. Free.