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.

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