Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
On the record: NN Group's thresholds are ≥10 million tons and ≥5 GW, and the screen runs on vendor data. Plus the SEC's application to compel ISS, in the filing's own words.
China put Rmb360bn into eight state banks and insurers and the market marked it down. Japan spent a record $98.7bn holding the yen up. Korea stopped hedging. Australia wants future contributions to pay the rent. Four long-horizon savings pools, four short-term jobs.
Norway proposes holding half as much sovereign liquidity, a Chinese export licence stops guaranteeing a shipment, and S&P calls a Senegalese default extremely likely. Four stories, one shape: permission is not proof.
A Fed governor says the Treasury safety premium is gone, Kuwait writes a legal route to borrow from its own sovereign fund, and Lloyd's reports £1.4bn of Gulf war losses — an early, IBNR-heavy estimate.
Norges Bank told its owner not to cap the largest companies in its equity index and published the cap back-tests behind that advice. Its second letter proposes the change it will make: to the bond benchmark.
QT is changing what banks pledge for cash. The amount doubled; the share held. A central bank’s eligibility list is a price.
A federal judge struck down New York's $75 billion climate-superfund law; Nvidia showed up as supplier, leaseholder and bondholder; the 10-year printed 4.75%. Find the residual holder.
The world's largest pension marked its own homework this morning — and published the grade. Plus: Aon's $17bn USI deal lands, Ontario's record built entirely on beta, and dispatches from Abuja to the Andes.
Nvidia extended payment terms as commitments surged to $279bn; Australian credit funds show how fast liquidity terms tighten. Plus the Vector, the Risk Radar, people moves and the job board.
Britain's National Wealth Fund committed £36 million of conditional equity to restart a Devon mine, alongside proposed debt, governance rights and an offtake negotiation.
An application to the SEC would let a fund change its managers without a shareholder vote — including affiliated ones. The compensating right is an exit that met 38% of the dollars requested last quarter.
Seven notices told investors how much they may ask for back this quarter. Four reports showed how much is sitting in cash. And a filing reported as a launch is the fourth attempt to register the same fund since March.