UAO Fiduciary
The 100-year portfolio: a thought experiment with real stakes
Imagine allocating for a horizon longer than any career. The exercise changes what counts as risk.
Topic
UAO Fiduciary
Independent reporting on fiduciary duty, climate, stewardship and systemic risk for the institutions that allocate the world's long-term capital.
Latest in UAO Fiduciary
UAO Fiduciary
Demographics is destiny: the ageing-portfolio problem
The slowest-moving systemic risk is also the most certain. Ageing populations are already reshaping the long-horizon portfolio.
UAO Fiduciary
What do you owe the beneficiary not yet born?
A sovereign fund's real client may be a citizen who will not be born for decades. Duty has to stretch to meet them.
UAO Fiduciary
What owners owe the worker: the just-transition frameworks, compared
A decarbonisation that strands workers and communities is not a clean transition. It is a deferred liability.
UAO Fiduciary
TISFD: the social-disclosure standard owners aren't ready for
Nature got the TNFD. The social pillar is getting its own taskforce — and most portfolios cannot yet answer what it will ask.
UAO Fiduciary
Inequality is a portfolio risk: the IMF growth-drag, for allocators
For a universal owner, inequality is not a social cause adjacent to returns. It is a drag on the beta that produces them.
UAO Fiduciary
Biodiversity loss is a credit event: the transmission, mapped
Ecological collapse sounds like an environmental story. Trace it through the portfolio and it becomes a balance-sheet one.
UAO Fiduciary
The ISSB nature standard is coming — what owners must prepare for
Voluntary nature reporting is about to become the basis for a global standard. The preparation window is now.
UAO Fiduciary
Nature's $22 trillion moment: inside the TNFD tipping point
Carbon disclosure took a decade to go mainstream. Nature disclosure is doing it in two years.
UAO Fiduciary
Escalation, step by step: the stewardship toolkit that has teeth
Engagement only changes behaviour when there is a credible next step behind it. Here is the ladder.
UAO Fiduciary
Engagement vs. divestment: which actually moved a company this year
Selling feels decisive. For an owner that holds the whole market, it is often the least powerful thing it can do.
UAO Fiduciary
Life after the benchmark: voting when the advisor won't tell you
The proxy advisors are stepping back from one-size-fits-all guidance. The vote, and the responsibility, return to the owner.
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