Video Briefing
UAO Daily Video Brief — August 5: UAO Daily Brief — Wednesday, 5 August 2026
UAO Daily Video Brief — August 5: UAO Daily Brief — Wednesday, 5 August 2026
Universal Asset Owners
Briefings, research, charts and analysis on the institutions, capital flows and systemic risks shaping long-horizon portfolios.
Video Briefing
UAO Daily Video Brief — August 4: KKR raised $19.2bn. Romania blew up a rock in the Danube.
A record infrastructure fund, a record industrial quarter, and two nuclear plants rationing cooling water. What a contract cannot buy.
Video Briefing
UAO Daily Video Brief — August 3: The Restoration Bill Is In. The Loss Map Isn’t.
UAO Daily Video Brief — August 3: The Restoration Bill Is In. The Loss Map Isn’t.
Video Briefing
UAO Daily Video Brief — July 31: A Headline Yield Is Not a Liability Curve
At 10 years nominal rose 7bp with real unchanged; at 30 years nominal rose 12bp with 6 of them real. One move, two decompositions - and neither prices a sterling pension promise.
Video Briefing
UAO Daily Video Brief — July 30: Cover, Not the Level
Crude stocks are marginally higher than the September 2018 week everyone is citing - but refineries are drawing 745,000 barrels a day harder, so cover is a full day thinner. Three FOMC voters wanted a hike.
Video Briefing
UAO Daily Video Brief — July 29: Nobody Publishes That Number
Korea's benchmark fell 10.84% on Tuesday. The BIS published, the same day, that lending to AI firms is 8% of all private credit. The Bank of England will not tell you the level of the leverage connecting the two.
Video Briefing
UAO Daily Video Brief — July 28: The Terms Not Disclosed
Two disclosed components. One of them has no published terms at all.
Video Briefing
UAO Daily Video Brief — July 27: Kuwait's pipeline deal is expected to yield $7.85bn at closing. Nvidia is reportedly discussing $250bn. Who is adding up the guarantors?
Three of the largest capital structures announced in 72 hours were not purchases. They were guarantees, leases and frameworks — while marine insurance walks away from Hormuz.
Video Briefing
UAO Daily Video Brief — July 24: The Price of Optionality
Brent clears $100, GIC budgets US$30bn for agility, and the Red Sea becomes a second oil chokepoint.
Video Briefing
UAO Daily Video Brief — July 23: UAO Daily Brief — Thursday, July 23, 2026
The Load That Disappeared: 3 GW left the PJM grid the same week Alphabet went cash-negative on a record AI build.
Video Briefing
UAO Daily Video Brief — July 22: The Liquidity Squeeze: credit capital grows as secondaries clear at discounts
UK fiscal risk lifts long yields while Townsend raises $2bn+ for real-estate secondaries; Mubadala opens an existing $25bn credit book to outside capital and CalSTRS commits up to $2bn.
Video Briefing
UAO Daily Video Brief — July 21: UAO Daily Brief — The backup routes are becoming chokepoints
UAO Daily Video Brief — July 21: UAO Daily Brief — The backup routes are becoming chokepoints