Coverage, charts, video and research on Podcast for universal owners.
Four of the largest semi-liquid funds gated in the same quarter - but 829 of 831 Ares loans were performing. A liquidity-design test, not a default cycle.
The June 23 rout exposed the universal owner's real risk: index concentration you can't diversify away — and bonds that no longer cushion it.
Starmer's resignation reprices a G7 sovereign curve, stewardship goes on trial at PRI Investor Day, and the world's largest fund has its ethics tool switched off — plus today's scenario, chart and tool.
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.
Tuesday, June 9, 2026 — the daily brief for the world's long-duration owners of capital. One labour-market number has
+172k payrolls beat consensus 2-to-1, but two sectors did the work — plus a transatlantic rate split, $96 oil, and one chart.
AirTrunk's $30bn India commitment, hyperscaler capex near $725bn, and the grid bill landing on ratepayers — plus one chart.
Research, charts, video and podcast analysis for the institutions investing at the scale of the world.
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