LONDON, May 21, 2024
/PRNewswire/ -- The Founder and Chairman of Partners Capital,
Stan Miranda, has launched the True
North Institute, a think tank focused on researching new approaches
to institutional investment strategy. As articulated by Miranda,
"the aim of True North is to share insights into the science of
institutional investing with CIOs from among the leading sovereign
wealth funds, large pensions, foundations, endowments and family
offices."
Partners Capital was founded to "right the wrongs" of an
investment industry that was, and still is, flawed with conflicts
of interest, an acute lack of transparency, and performance not
properly reported against the appropriate risk-adjusted
benchmarks. The True North Institute's aims are a continuation
of the founding principles of Partners Capital which is to develop
and share the deepest of insights into the science of institutional
investing whether from Stan and his True North Institute, Partners
Capital or from highly respected third-party sources.
Partners Capital CEO, Arjun
Raghavan, highlighted that "True North creates a
dedicated and formal knowledge sharing forum that brings together
many of the relationships we have built up over the past 20 years
with some of the most thoughtful institutional investors from
around the world. By devoting time to the Institute, Stan will
convene groups of thought leaders who should be able to generate
powerful insights that benefit the entire investment industry."
Miranda aims to formalise and enlarge his network of
relationships with CEOs and CIOs of many of the most highly
respected investment institutions in the world. He sees True North
as a forum for sharing thoughts on the most pressing long-term
issues with the greatest potential impact on institutional
investment returns. Many institutions have long embraced the
endowment model of investing as pioneered over 30 years ago by
David Swensen and the Yale
Endowment. True North seeks to discover, innovate and share new
ways to evolve that model, drawing on learning from the Canadian
pensions, sovereign wealth funds and progressive institutional
family offices. Stan and his True North team see themselves as a
laboratory for undertaking research that will benefit all members
of this forum.
True North has significantly deepened the research previously
undertaken by Stan and others at Partners Capital on the Global
Energy Transition with recent publications on clean hydrogen,
renewables penetration and carbon taxation. Professor
Luis Viceira of Harvard Business School, who recently wrote and
published a case study on Partners Capital, commented that "Stan's
research and writing has long been a major distinguishing feature
in the world of Outsourced CIOs. I am very excited to see
Stan applying this skill in a more focused manner inside the True
North Institute, in an aim to innovate around best practice in
institutional investing. I hope to contribute to that research and
to benefit from it for the students here at HBS."
True North believes that all institutional investors need to
build their own domain expertise in the energy transition so that
capital is most effectively allocated to the highest return
investments at the centre of the energy transition. True North
leverages the network of experts from Clean Air Task Force, think
tank OpenMinds and Bain & Company's energy practice.
The True North Institute is an entity independent of Partners
Capital, but which maintains a close relationship to jointly
achieve the mission of taking the most advanced proven
institutional investment approach to the world's owners of
Investment capital.
ABOUT TRUE NORTH INSTITUTE
True North Institute is an independent investment research
organization based in London,
England. It is wholly dedicated to the development and
sharing of deep research into seminal issues facing institutional
investors, such as the energy transition, artificial intelligence
and the future of private vs public equity markets. Additional
information on True North Institute can be found at
http://truenorthinstitute.com
ABOUT PARTNERS CAPITAL
Partners Capital is a global outsourced investment office acting
for highly regarded endowments and foundations, senior investment
professionals and sophisticated ultra-high-net-worth families in
Europe, North America and Asia. The firm manages $55B in assets and has 400 employees across its
seven global offices.1 Additional information on
Partners Capital may be found at
http://www.partners-cap.com
Contact:
Prosek Partners
pro-partnerscapital@prosek.com
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SOURCE True North Institute