Daily Brief
Korea's $1.2trn pension votes today | May 28
A "tilt home" decision in Seoul, a $4.2bn AI bet from Jakarta, and one chart of the new mega-allocator policy mix.
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Universal Ownership
Coverage, charts, video and research on Universal Ownership for universal owners.
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Daily Brief
CalPERS tears down its silos | May 27
A 17% PE target, a new 8% private-credit bucket, the FSB's first private-credit warning — and one chart.
Daily Brief
Sovereign capital is now AI's banker | May 26
$15tn in state hands, the Gulf 7 at 43% of all dealmaking, Indonesia joins — and one chart.
Daily Brief
The long bond repriced everywhere at once | May 25
30-year yields hit multi-decade highs from Tokyo to London on an oil shock. Brussels cuts growth, Jakarta hikes, and AI's power bill keeps rising. One chart, one take.
Daily Brief
Private credit's record default — and who votes your shares now | May 22
Fitch puts US private-credit defaults at a record 6%, with most stress hidden in PIK. The Big Three split their stewardship. The Fed reshuffles its fears. One chart, one take.
UAO Research
If You Own the Whole Market, What Exactly Is Your Job?
When you own a slice of the entire economy, beating the market is the wrong objective. The thesis that defines this audience.
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