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.
Energy Transition Investment Strategies that Decarbonise the Real World
Guidelines for Institutional Investors Environmental, Social and Governance (ESG) investing policy must be, in principle, a good idea for all investors to the extent that incorporating potential E, S and G impacts into the evaluation of investment opportunities may help investors avoid negative surprises or to spot investment opportunities. But the term ESG takes on…
Beyond the Endowment Model
This whitepaper explores the potential obsolescence of the endowment model, particularly for endowments and foundations. The paper examines the historical performance of the endowment model, noting the significant role of private equity and venture capital in its success. However, due to factors such as increased competition and higher interest rates, the future prospects for these asset…
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 is our first report in a series that will rank and compare investment performance across institutional cohorts including endowments, foundations, sovereign wealth funds, pensions and family offices.
In this first report, for 12 of the leading US university endowment portfolios, we look at the declining trend of annual alpha from 1.2% over the last 10 years, falling to 0.1% over the three years ending June 2023.
