Institutional Firms is the research and data layer built for allocators who move markets — proprietary indicators, independent analysis, and portfolio-level signal, delivered with the same rigor you apply to capital.
| Indicator | Asset Class | Reading | Δ 30D |
|---|---|---|---|
| Credit Dispersion Index | Corporate Credit | 142.6 | +3.8 |
| Sovereign Term Premium | Rates | 0.84% | -0.06 |
| Private Market Discount | Alternatives | 11.2% | +0.4 |
| Liquidity Coverage Signal | Multi-Asset | 0.97x | -0.02 |
| Cross-Border Flow Index | FX & EM | 58.3 | +6.1 |
Most research is written for everyone, which means it's calibrated for no one. The signal that matters to a $40B pension differs from what matters to a macro fund — in horizon, in constraint, in the cost of being wrong.
Institutional Firms was built around a narrower premise: that allocators managing multi-decade liabilities need analysis built to that timeframe, governance that survives an audit, and data lineage that holds up in an investment committee meeting. We cover fewer things, more rigorously, for a smaller set of institutions that actually need them.
Each function is staffed independently and reviewed cross-functionally — no single desk marks its own work.
Independent, publication-grade research on rates, credit, and macro regimes — written for investment committees, not newsletters.
Proprietary indicators and cleaned third-party feeds, delivered via API or terminal, with full lineage back to source.
Exposure, liquidity, and concentration analysis mapped against your actual mandate — not a generic benchmark.
Direct access to the desk for manager selection, allocation review, and committee-ready documentation.
Every engagement starts with your liability structure and governance constraints — not a template.
Rigor isn't a claim we make once — it's a set of standards every report and dataset is held to before it reaches you.
Every indicator is cross-checked against at least two independent sources before publication, with discrepancies flagged, not smoothed.
Every figure traces back to its source and transformation history — built to hold up under your own diligence process.
Research and data functions are organizationally separated from any advisory or placement activity, by design.
Analysis is written to be presented, not translated — clear conclusions, stated confidence, visible assumptions.
"What we needed wasn't more research. It was research that assumed we had a thirty-year horizon and a board to answer to — most of what crosses our desk assumes neither."
Access is extended on a mandate-by-mandate basis. Tell us who you are and what you're managing, and the desk will follow up directly — no automated onboarding.