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

EC Deciphering The FOMC’s Tea Leaves
Last week’s FOMC meeting for once gave the market something to ponder. But the range of forecasts remains very wide.
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Climate Extremists Are Losing By Winning
For years environmental extremists have campaigned with increasing success for less investment in fossil fuels. The logic has been that as CO2-emitting sources of energy become harder to access, the world would increasingly turn to renewables.
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The Cool North Sea Breeze Lifting US Coal
Coal-to-gas switching has been the biggest source of reduced US emissions over the past fifteen years. Although solar panels and windmills get all the attention, actual progress has come about through the increased use of natural gas.
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The Bull Market In Natural Gas
Pipeline company earnings for 2Q21 were satisfyingly unremarkable, and were followed up recently with news of further givebacks to investors. Cheniere Energy implemented a dividend as part of a comprehensive long term capital allocation plan.
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A Pause On Spending?
Friday’s weak jobs report revealed how investors are regarding the balance of risks. Although it may add a modest delay to the onset of Fed tapering, ten-year yields rose as the yield curve steepened.
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The Fed’s In No Hurry
In Fed chair Jay Powell’s closing speech from the virtual Jackson Hole symposium he went to great pains to illustrate that currently elevated inflation is transitory. He noted the unevenness of the recovery from the shortest, sharpest recession ever.
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Comments

Latest Comments
Emissions To Rise Under Democrats
8 months ago

Yes, but don't you find the projected jump in coal consumption and relatively flat contrtibution from clean energy dusappointing?

Stocks Are The Cheapest Since 2012
2 years 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
3 years 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'
3 years ago

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

In this article: AMLP
1 to 4 of 4 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
JCPNQ J.C. Penney Company Inc.
KMP Kinder Morgan Energy Partners L.P
MDLZ Mondelez International, Inc.
MMR McMoRan Exploration Co.
MSFT Microsoft Corporation
OIL 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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PERSONAL BLOG

Latest Posts
Emissions To Rise Under Democrats
By the end of President Biden’s first year in office, the report card on climate change will offer some uncomfortable facts. Natural gas, after taking market share from coal under the Trump administration, will see those gains reversed.

Work Experience

Managing Partner
SL Advisors, LLC
June 2009 - Present (12 years 6 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 1 month)

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.