Universal Ownership: The supertankers of global finance are shifting course

They are the opposite of day-traders. They hold the sovereign wealth of their countries, the life savings of their pensioners. They are entrusted to manage the capital for their stakeholders, for the long-term. And they are so large, so invested in every industry and every geography, that they have no escape from the escalating dislocations … Continue reading Universal Ownership: The supertankers of global finance are shifting course