Eolas Capital provides solicitation services to asset management firms ("Partner Managers") as part of their investment advisory services. Eolas Capital is compensated for the endorsement of the Partner Manager in accordance with the Form ADV Part 2A disclosures and the fee table as both document are disclosed on this website. Eolas Capital does not represent a recommendation of any particular security, investment strategy, investment product of a Partner Manager and is acting only as a solicitor. Any material conflicts of interest on the part of Eolas Capital in giving the endorsement resulting from the Partner Manager’s relationship with Eolas Capital and/or a description of any compensation arrangement, provided, is included in the disclosure documents. Information with respect to Partner Manager’s investment management services have been provided and approved for distribution by the Partner Manager. Eolas Capital does not warrant or guarantee the information’s completeness or accuracy.
This website describes the provision of working capital and a range of operational support services for which Eolas Capital receives a revenue share as compensation from a Partner Manager including from investment manager partners of its parent company and affiliate, Channel Capital. In this arrangement, such services are not considered to be investment advice and Eolas Capital is not acting as an investment adviser. These services are not intended to be, nor should it be construed or used as an offer to sell, or a solicitation of any offer to buy interests or shares in any investment product or private funds offered by the Partner Managers.
As a continuation to the earlier publication entitled, “Investing in MLPs – Dispelling Common Myths” (dated April 2024), in which we provided evidence to debunk five myths of investing in MLPs, investor feedback prompted us to write about a sixth myth – MLPs underperform.
As a continuation to the earlier publication entitled, “Investing in MLPs – Dispelling Common Myths” (dated April 2024), in which we provided evidence to debunk five myths of investing in MLPs, investor feedback prompted us to write about a sixth myth – MLPs underperform.
While the S&P 500 continues to flirt with all-time highs, it has been on the back of a handful of mega-sized companies. This dynamic has been building for nearly six years, and as our historical analysis reveals, we are likely to soon see a sharp reversal.
While the S&P 500 continues to flirt with all-time highs, it has been on the back of a handful of mega-sized companies. This dynamic has been building for nearly six years, and as our historical analysis reveals, we are likely to soon see a sharp reversal.
The second quarter of 2024 was a continuation of the solid rates of return experienced in the first quarter, with the Alerian Total Return Index, the MLP benchmark, delivering returns of over 17%. We are pleased to report that the “after fee” performance for NBW Capital’s MLP strategy exceeded that by a healthy margin.
The second quarter of 2024 was a continuation of the solid rates of return experienced in the first quarter, with the Alerian Total Return Index, the MLP benchmark, delivering returns of over 17%. We are pleased to report that the “after fee” performance for NBW Capital’s MLP strategy exceeded that by a healthy margin.
Having recently taken corporate operations and intelligence digitally (and online), Cyber Security was an obvious urgency for Chief Tech Officers (CTOs). However, these executives have been making hard budgeting decisions with the recent massive appeal of Alternative Intelligence (AI) innovations. We can see that in the sales numbers of the industry's dichotomy.
Having recently taken corporate operations and intelligence digitally (and online), Cyber Security was an obvious urgency for Chief Tech Officers (CTOs). However, these executives have been making hard budgeting decisions with the recent massive appeal of Alternative Intelligence (AI) innovations. We can see that in the sales numbers of the industry's dichotomy.
We explore the significance of Small Business funding through merchant cash advances and how they can be a diversifier across private credit portfolios. Recorded April 16, 2024. Passcode: @Z26Td=4.
We explore the significance of Small Business funding through merchant cash advances and how they can be a diversifier across private credit portfolios. Recorded April 16, 2024. Passcode: @Z26Td=4.
Master Limited Partnerships (MLPs) have long been subject to various myths and misconceptions that may deter investors from exploring this asset class. In this paper, we will delve into five prevalent myths surrounding MLP i nvesting and provide evidence to debunk these misconceptions.
Master Limited Partnerships (MLPs) have long been subject to various myths and misconceptions that may deter investors from exploring this asset class. In this paper, we will delve into five prevalent myths surrounding MLP i nvesting and provide evidence to debunk these misconceptions.
Energy is fundamental to everything we do, but it is a capital-intensive business. Social solution investments are comparatively advantaged and offer diversification within Impact approaches. In this month’s Impact Alert, we explore these climate headwinds and opportunities available beyond environmental strategies.
Energy is fundamental to everything we do, but it is a capital-intensive business. Social solution investments are comparatively advantaged and offer diversification within Impact approaches. In this month’s Impact Alert, we explore these climate headwinds and opportunities available beyond environmental strategies.
The first quarter of 2024 has been a strong start for the MLP industry, marked by positive market trends and continued earnings growth. The Alerian Total Return Index delivered double-digit returns, and we are pleased to announce that NBW Capital has outperformed the Index during this period. As we have met with companies over the course of the first quarter 2024, we continue to be impressed by their business outlook and also their adherence to a capital discipline story that we believe is a key driver of future returns. One important component of industry trends is that oil and gas volumes in the U.S. reached record levels, contributing to favorable cash flow and forward guidance for most companies. Dividend announcements were also positive with a year-over-year increase of 6.9% in distributions for our portfolio.
The first quarter of 2024 has been a strong start for the MLP industry, marked by positive market trends and continued earnings growth. The Alerian Total Return Index delivered double-digit returns, and we are pleased to announce that NBW Capital has outperformed the Index during this period. As we have met with companies over the course of the first quarter 2024, we continue to be impressed by their business outlook and also their adherence to a capital discipline story that we believe is a key driver of future returns. One important component of industry trends is that oil and gas volumes in the U.S. reached record levels, contributing to favorable cash flow and forward guidance for most companies. Dividend announcements were also positive with a year-over-year increase of 6.9% in distributions for our portfolio.
Des Mac Intyre and Rob Frasca of COSIMO Ventures delve into the world of digital assets. They provide perspectives on the innovative aspects of the digital asset landscape and look at the key trends and developments in the digital asset space. Watch the replay here: Recorded March 19, 2024.
Des Mac Intyre and Rob Frasca of COSIMO Ventures delve into the world of digital assets. They provide perspectives on the innovative aspects of the digital asset landscape and look at the key trends and developments in the digital asset space. Watch the replay here: Recorded March 19, 2024.
Cryptocurrencies mature with deeper markets regardless of recent increased volatility. While we expected the run-up to the SEC approval of spot Bitcoin ETF’s, the magnitude of increased traded value has been impressive. These markets are here to stay; however, evolving exposure is necessary. Looking at the “Magnificent 7” stocks that have handily beaten the market over the past five years, we see cracks emerging as each group member has varied cyclical exposure. Consumer products and mobile devices will likely slow faster than newer technologically driven Artificial Intelligence and Data Centers, leading to divergent performance across these stocks.
Cryptocurrencies mature with deeper markets regardless of recent increased volatility. While we expected the run-up to the SEC approval of spot Bitcoin ETF’s, the magnitude of increased traded value has been impressive. These markets are here to stay; however, evolving exposure is necessary. Looking at the “Magnificent 7” stocks that have handily beaten the market over the past five years, we see cracks emerging as each group member has varied cyclical exposure. Consumer products and mobile devices will likely slow faster than newer technologically driven Artificial Intelligence and Data Centers, leading to divergent performance across these stocks.
Today’s midstream infrastructure equities, many of them based in the MLP corporate structure, are nearing their fourth anniversary of exceptional total return performance. Over this period, they have trounced both public equity and fixed income performance. Paradoxically, they attract little investor interest. MLP’s relationship to carbon forms of energy in a world of ESG popularity partly explains this lack of interest, and the industry’s lack of capital discipline in the 2015 to 2019 period.
Today’s midstream infrastructure equities, many of them based in the MLP corporate structure, are nearing their fourth anniversary of exceptional total return performance. Over this period, they have trounced both public equity and fixed income performance. Paradoxically, they attract little investor interest. MLP’s relationship to carbon forms of energy in a world of ESG popularity partly explains this lack of interest, and the industry’s lack of capital discipline in the 2015 to 2019 period.
If you watch the news or read the local paper, you would think that we are on the cusp of a massive correction in residential real estate. If we look at the run-up in housing prices and the increases in mortgage rates in isolation, then yes, you could make a strong case that we are due for a correction. However, in our October 2022 letter to our investors we outlined why Prime Meridian did not think the housing market was vulnerable to a significant correction in price, which turned out to be correct. There were a lot of great charts in that letter which we think are still relevant today, below are a few of those charts with some updated data.
If you watch the news or read the local paper, you would think that we are on the cusp of a massive correction in residential real estate. If we look at the run-up in housing prices and the increases in mortgage rates in isolation, then yes, you could make a strong case that we are due for a correction. However, in our October 2022 letter to our investors we outlined why Prime Meridian did not think the housing market was vulnerable to a significant correction in price, which turned out to be correct. There were a lot of great charts in that letter which we think are still relevant today, below are a few of those charts with some updated data.
