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

It’s The Distributions, Stupid!
BofA Merrill is forecasting 2016-20 distribution growth for 27 of the 32 midstream infrastructure names they cover. JPMorgan forecasts 6-10% growth 2017-19. These forecasts are supported by growing pipeline demand
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Running Pipelines Is Easy
Wall Street’s most recent solution to the weak MLP market has been eliminating the GP/MLP structure, and with it the Incentive Distribution Rights
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Uncle Sam Helps You Short AMLP
The Alerian MLP ETF (AMLP), with its tax-burdened structure, is by design unable to come close to the return on its benchmark, the Alerian MLP Infrastructure Index (AMZI).The fund’s tax liability has acted as a substantial drag on returns.
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FERC Boosts MLPs
The Federal Energy Regulatory Commission became MLP investors’ new BFF last week. Although the economics for MLP-owned natural gas pipelines are better than before, it’s unlikely that any MLP that’s converted to a corporation is regretting it.
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Is Shale Driving Oil Higher?
Could the Shale Revolution be driving oil prices higher? It seems counter-intuitive – the U.S. is on course to be the world’s biggest oil producer by next year. And it was the additional shale supply that led to the 2014-15 oil collapse.
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New Pipeline Investment Roars Back
In recent years as MLP investors balked at providing the growth capital sought by midstream energy infrastructure, the biggest companies have been converting to corporations.
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Comments

Latest Comments
The Uncertain Future Of MLP-Dedicated Funds
3 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'
4 months ago

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

In this article: AMLP
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KMP Kinder Morgan Energy Partners L.P
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MMR McMoRan Exploration Co.
MSFT Microsoft Corporation
OILB iPath B S&P GSCI Crude Oil TR ETN
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PHK PIMCO High Income Fund
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LATEST ACTIVITY

Simon Lack
Simon Lack
This reflects the shift towards short-cycle projects, which are largely US #shale. https://t.co/bJhL6rxai6...

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Simon Lack
#shale activity outside US sputters along https://t.co/EkLniNBkbj
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PERSONAL BLOG

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Work Experience

Managing Partner
SL Advisors, LLC
June 2009 - Present (9 years 4 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)

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.