Individuals invest with a generalized need to use their money to make more money, and with limited abilities as to the amounts of money they have available to invest, how long their money can remain invested, and the resources they can devote to identifying, qualifying, pursuing, constructing and overseeing the investments they do make.
Stewardship institutions, like pension funds, endowments, foundations, insurance companies and sovereign wealth funds, invest with the purpose of achieving the objectives of their governing charter. They are also large, perpetual and resourceful.
How well can architectures of ownership for investment built to meet the generalized needs and work within the limited capabilities of individual investors be made to serve the purposeful needs of large, perpetual, resourceful stewardship investors?
Experience is showing, not very well.