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

Deja Vu All Over Again For Pipelines?
Pipeline stocks are resuming dividend growth once again. The growing realization has already led to a strong start to 2019, with the sector up almost 20%.
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Pipelines’ New Look
So far, we haven’t heard of a company that regrets its decision to drop the MLP structure in a simplification, and those that remain get questions on every earnings call about their possible plans to simplify.
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Here Comes The Sun: The Bright Future Of Oil And Gas
U.S. midstream energy infrastructure will remain vital to meeting the world’s growing demand for oil, gas and natural gas liquids, even while the multi-decade transition to non-fossil fuels is underway. The sector remains attractively valued.
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4Q18 Energy Infrastructure Earnings Wrap Up
Overall, energy infrastructure earnings were mostly good news. We continue to expect increasing dividends this year to draw additional investors to the sector.
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U.S. National Debt: The Bond Market Doesn’t Care
Thirty year treasury bonds yielding 3% don’t look enticing, but evidently, a lot of investors feel differently. Low as they are, U.S. yields are substantially higher than Germany, whose 30-year bonds yield a paltry 0.73%.
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REITs: Pipeline Dividends Got You Beat
Long time MLP investors fondly recall the days before the Shale Revolution, when yield comparisons with REITs and Utilities made sense. This ended in 2014 when the energy sector peaked.
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Comments

Latest Comments
Stocks Are The Cheapest Since 2012
2 months ago

It's hard to make such a precise forecast. However, we do think stocks look very attractive relative to bonds and are likely to do well over the long run.

The Uncertain Future Of MLP-Dedicated Funds
10 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'
11 months ago

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

In this article: AMLP
1 to 3 of 3 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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LATEST ACTIVITY

Simon Lack
RT Henry_M_Hoffman: "We agree with VaclavSmil that GND goals are not in the realm...

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Simon Lack
Seen in Scottsdale, AZ https://t.co/mcNg07yaw3
Simon Lack
The investable American Energy Independence index is similarly 5% ahead of MLPs YTD #investing more
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PERSONAL BLOG

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Work Experience

Managing Partner
SL Advisors, LLC
June 2009 - Present (9 years 11 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 (23 years 6 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.