Our Aim
The True North Institute was established to serve as a respected source of in-depth institutional investment insights. It builds upon the foundational investment principles and processes developed over Stan Miranda’s 24-year journey in creating Partners Capital, one of the leading outsourced investment offices.
Our Audience
True North Institute's audience includes Chief Investment Officers of large and small institutional pools of capital. This includes sovereign wealth funds, pensions, insurance companies, foundations, endowments and family offices.
Featured Research
Here we feature a selection of the True North Institute's most important and influential research. The current focus of True North Institute is the global energy transition, artificial intelligence and the futility of most active investment activities.
OpenMinds: Accelerating Energy & Climate Progress
The “Accelerating Energy and Climate Progress” document from OpenMinds addresses the dual challenge of meeting growing global energy demands while reducing emissions. It highlights that while energy consumption and access to it have improved global living standards, increasing CO2 concentrations are causing dangerous climate change. OpenMinds emphasises the need to change the current trajectory of…
BloombergNEF: Energy Transition Investment Trends 2025
This document is an abridged version of the “Energy Transition Investment Trends 2025” report by BloombergNEF. The report tracks global investment in the low-carbon transition, including spending on clean technologies, the clean energy supply chain, equity investment in climate-tech companies, and debt issuance for energy transition purposes. In 2024, global energy transition investment hit a…
Chart of the Month
Today, data centres consume approximately 1.3% of total global electricity demand. Experts estimate that this will rise to approximately 5% by 2030 representing just over 1,100 TWhs, or 20% of the 5,000 TWhs forecast overall global electricity growth out to 2030 from 2022. Electric vehicles, and the electrification of buildings and industry account for the other 4,000 TWhs of growth.
TNI Analysis
Institutional Investor Performance
This table shows our estimates of the alpha or outperformance of 12 of the largest US university endowments. Alpha is calculated against each endowment’s apparent risk-adjusted investible and non-investible benchmarks over 1, 3, 5 and 10-year periods ending 30 June 2024.
The attached downloadable whitepaper provides the detailed analysis for the 10 years ending 30 June 2023 (so one year out of date).
