The electricity grid is one of the most undercapitalized parts of the energy transition, and the investment required to close the gap is creating a multi-year capex cycle across the value chain, from transformers and high-voltage cables to smart grid software.
The circular economy is becoming an increasingly mission-critical business strategy in a more volatile world.
As AI redraws labor demand, it is creating an undercapitalized opportunity in the human-capital infrastructure needed to re- and up-skill workers, support skilled trades, and expand worker retention and ownership models.
In many geographies, the availability of water is shifting from a ubiquitous input to a strategic economic resource, and markets may be underpricing the speed of that transition.
Adaptation and resilience are becoming increasingly economic imperatives. The near-term warming trajectory is already largely set, and the consequences are arriving through higher insurance costs, supply chain disruption, agricultural volatility, and repeated infrastructure damage.
Keir Starmer’s resignation formalises a political transition that had already been widely anticipated after Labour’s poor local election results and months of pressure on his leadership.
Yes. The expected mega-IPOs from SpaceX, OpenAI, and Anthropic will mark an important shift from private capital dominance toward broader public ownership, with implications for index composition, valuation, liquidity, and investor access to frontier technologies.
This report reviews the various spending rule types used among our endowment clients in fiscal year 2025, and also includes analyses on the endowment’s support of operations and effective spending rate.
Kevin Warsh became chair of the Federal Reserve on May 15. His appointment is unlikely to drive a major near-term policy shift.
Large losses in last weekend’s local elections have increased pressure on Labour Party leader and Prime Minister Keir Starmer. Frustration was already building within the Labour Party over the lack of visible progress on key priorities, compounded by weak approval ratings.