White Papers

Selecting a Midstream Benchmark

January 9, 2019

Midstream energy infrastructure has evolved over the years. What was once a space comprised predominantly of Master Limited Partnerships (MLPs) is now composed of mostly corporate entities. In response to this shift in the midstream investable universe, Alerian has released two new indices and revised a third. In this piece, we provide background on the benchmark changes, analyze the new and revised indices and discuss moving away from the Alerian MLP Index (AMZ) as a midstream benchmark.

Salient’s 2018 Outlook

January 31, 2018

Asset allocation is part of Salient’s DNA, so instead of wondering what may happen in markets, we focus our attention — and think you should, too — on what matters to markets. This year, we think the long-steady list of what matters to markets is evolving. It’s changing to reflect a shift toward a higher interest rate world, a world with the potential for inflation, and as a result, the potential for volatility. What works in this type of environment? Historically speaking, real asset strategies work, as do risk-aware and risk-balancing strategies.

Master Limited Partnerships

May 11, 2017

Master Limited Partnerships (MLPs) are a unique asset class in the investment landscape. This piece gives an in-depth look into what MLPs are, including their partnership structure, tax basics, risks and value proposition.


The information contained on this web site reflects thoughts and opinions of Salient Capital Advisors, LLC (“Salient”) employees only, and the firm is not soliciting any transaction based upon such information.

The contents of this web site are for informational purposes only and may not reflect current financial developments or market conditions. You should not act or refrain from acting on the basis of any content included in this web site without seeking financial or professional advice on the particular facts and circumstances at issue. Salient reserves the right to change any information contained herein without prior notice. Salient is not responsible for any third-party content that may be accessed through this web site. The distribution or photocopying of Salient information contained on or downloaded from this site is strictly prohibited without the express written consent of Salient.

Salient research has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Salient recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.

Salient research or any portion thereof may not be reprinted, sold or redistributed without the written consent of Salient. Salient research is disseminated and available primarily electronically, and, in some cases, in printed form. The information on this web site is for U.S. residents only.

Research and Advisory Services provided by Salient Capital Advisors, LLC, a wholly owned affiliate of Salient Partners, L.P. Salient Capital Advisors, LLC is an investment advisor registered with the U.S. Securities and Exchange Commission.