Managing Partner, SL Advisors, LLC
Contributor's Links: SL Advisors, LLC

Following 23 years with JPMorgan, in 2009 Simon Lack founded SL Advisors, LLC, an SEC Registered Investment Adviser. SL Advisors manages investments in energy infrastructure, including the Catalyst MLP & Infrastructure Fund (MLXIX), the American Energy Independence Fund (USAI), and ... more

ALL CONTRIBUTIONS

Environmental Activists Raise Values On Existing Pipelines
In many parts of the country (apart from Texas and Louisiana) and Canada, energy infrastructure is becoming steadily harder to build. If new pipelines are harder to build, existing pipelines must be correspondingly more valuable.
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Steel Tariffs Show Up In Surprising Places
The Federal Reserve Bank of St. Louis shows that steel prices have risen by around 17% since the 2016 election, the point at which steel buyers and sellers might have begun to contemplate tariffs.
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MLPs Lose That Christmas Spirit
Around this time of the year we typically write about MLP seasonals. That’s because the “January effect” has been an enduring pattern of investor activity, far more pronounced than in the broader equity market.
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Lower Volatility Stocks Gain Favor
Low volatility is outperforming. In a rising market, taking more risk usually pays off. The recent reversal has investors seeking tangible value.
Read
Valuing Pipelines Like Real Estate
As the midstream energy infrastructure sector transitions from MLPs to corporations, I believe the method of valuation needs to change with it.
Watch
Energy Transfer: Cutting Your Payout, Not Mine
MLPs are still cutting payouts. Energy Transfer has excelled at imposing such “stealth distribution cuts”.
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Comments

Latest Comments
The Uncertain Future Of MLP-Dedicated Funds
7 months ago

No, $KMI is a corporation. They gave up being an MLP in 2014 because it was too expensive to raise capital.

In this article: TRGP, OKE, KMI, PAA, SEMG, WPZ, NS, TEGP, WMB, TEP, TCP, TRP, AM, EEP, ETP, SEP, EQM
Reaction To 'The Alerian Problem'
8 months ago

Perhaps investors regard energy as relatively less vulnerable to trade disputes.

In this article: AMLP
1 to 2 of 2 comments

STOCKS I FOLLOW

BBK BlackRock Municipal Bond Trust
BGPIQ BORDERS GROUP INC
BHP BHP Billiton Limited
BIF Boulder Growth & Income Fund Inc.
BZF WisdomTree Dreyfus Brazilian Real Fund
CBB Cincinnati Bell Inc.
CDE Coeur Mining, Inc.
CHK Chesapeake Energy Corporation
CRK Comstock Resources Inc.
CSJ iShares Barclays 1-3 Year Credit Bond Fund
CXW CoreCivic, Inc.
DTO DB Crude Oil Double Short ETN
DVN Devon Energy Corporation
EARK Ecoark Holdings, Inc.
ESV Ensco plc
F Ford Motor Company
FCG First Trust ISE-Revere Natural Gas Index Fund
GCI Gannett Co. Inc.
GDX Market Vectors Gold Miners ETF
JCP J.C. Penney Company Inc.
KMP Kinder Morgan Energy Partners L.P
MDLZ Mondelez International, Inc.
MMR McMoRan Exploration Co.
MSFT Microsoft Corporation
OILB iPath B S&P GSCI Crude Oil TR ETN
OSGB Overseas Shipholding Group Inc.
PAA Plains All American Pipeline L.P.
PHK PIMCO High Income Fund
PTRC Petro River Oil Corp.
RIG Transocean Ltd.
RRC Range Resources Corporation
TDW Tidewater Inc.
UBS UBS AG
UCO ProShares Ultra Bloomberg Crude Oil
USO United States Oil Fund, LP
WMB Williams Companies Inc
WPZ Williams Partners L.P.
YCS ProShares UltraShort Yen
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TWEETS

LATEST ACTIVITY

Simon Lack
Environmental Activists Raise Values On Existing Pipelines $EPD $KMI more
Simon Lack
Thoughtful essay on the forces behind Brexit. The Great Brexit Breakdown https://t.co/5vQtjHxDJJ
Simon Lack
MLP managements should take note. https://t.co/PM1akBrkjC
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PERSONAL BLOG

Latest Posts

Work Experience

Managing Partner
SL Advisors, LLC
June 2009 - Present (9 years 8 months)

SL Advisors is a registered investment advisor offering investment strategies that can be accessed through separately managed accounts for individuals, family offices and institutions.

SL Advisors is designed to offer clients the same investment strategies with the same transparency, liquidity and access in which he invests his family’s money for a low fee.

Managing Director
JP Morgan
1986 - 2009 (24 years 4 months)

Founded and ran JPMorgan Incubator Funds, private equity vehicles which took stakes in emerging hedge fund managers (2001-2009)
Ran investment bank internet strategy, negotiating several profitable VC investments in several start-ups (1999-2001)
Ran fixed income derivatives trading through successive mergers (1986-1999)

Education

Publications

Bonds Are Not Forever; The Crisis Facing Fixed Income Investors
Simon Lack
Wiley
09/03/2013

An up-close look at the fixed income market and what lies ahead Interweaving compelling, and often amusing, anecdotes from author Simon Lack's distinguished thirty-year career as a professional investor with hard economic data, this engaging book skillfully reveals why Bonds Are Not Forever. Along the way, it provides investors with a coherent framework for understanding the future of the fixed income markets and, more importantly, answering the question, "Where should I invest tomorrow?" Bonds Are Not Forever chronicles the steady decline in interest rates from their peak in the 1980s and the concurrent drop in inflation during that period. Offering a uniquely intimate, yet analytically thorough look at the coming fixed income crisis, Bonds Are Not Forever is must reading for investment professionals, as well as retail investors and their advisors.

The Hedge Fund Mirage - The Illusion of Big Money and Why It's Too Good to Be True
Simon Lack
Wiley
01/03/2012

Sure, hedge funds have produced some of the greatest fortunes in recent years, but the shocking reality is that investors would have made more putting their money into treasury bills instead. And while hedge funds have proved to be serious moneymakers for those that manage them, investors themselves rarely reap the benefits. In The Hedge Fund Mirage: The Illusion of Big Money and Why It's Too Good to Be True, hedge fund expert Simon Lack blows the lid off the secret world of this class of investments, teaching you everything you need to know to maximize your own returns.