The Latest From The Institute
The Liquidity Illusion — and the Patience Premium: What the Blue Owl Redemption Debate Reveals About Private Credit
For more than a decade, private credit funds have been marketed as a stable alternative to the volatility of public markets. Investors were told they could earn equity-like returns with bond-like stability, while accessing investments traditionally reserved for institutions. What many investors did not fully appreciate, however, was the structural tension embedded within these vehicles:…
Why the World Cannot Pretend
For years, much of the international community has spoken about Iran in careful, measured language. Statements are drafted to call for “restraint on all sides.” Resolutions emphasize dialogue. Governments publicly balance their words so as not to inflame tensions. But when Iranian missiles struck American bases in the Gulf and killed at least six United…
The Supreme Court’s Tariff Decision: Law, Not Politics — And Why the Media Framed It Otherwise
When the Supreme Court recently ruled on President Trump’s tariff program, the legal opinion had barely been released before headlines crystallized around a single narrative: a “blow to Trump,” a “rebuke of Trump’s trade agenda,” a “setback for tariff policy.” Within hours, political commentators on both sides amplified the story as another chapter in an…
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