Atlanta, GA, July 02, 2010 --(PR.com
)-- For income-oriented investors who seek a steady source of cash flow and inflation protection, the Atlanta based firm, Beacon Street Capital, LLC, launches its High Income MLP’s strategy for separately managed accounts.
The strategy seeks to provide clients with a carefully selected portfolio of energy Master Limited Partnerships (MLPs) which have steady predictable cash flows. These selected MLPs have historically provided income higher than equity alternatives such as REITs and Utilities. Risk is minimized through detailed fundamental research and prudent risk management. In addition, management fees are substantially less than the few existing MLP mutual funds.
The energy MLP sector market cap has doubled in the past two years and is expected to double again. This sector could be on a similar trajectory to REITs in the late 1980’s due to a strong need for energy infrastructure investment. Currently less than 10% of institutions own MLP assets giving them plenty of room to grow.
Portfolio manager, Herron Weems, Managing Director of Beacon Street Capital, specializes in the analysis of master limited partnerships and invests his own capital along with his clients. He has over 30 years experience in the securities industry having served as a Managing Director with Salomon Brothers, which he joined in 1977. After leaving Salomon Brothers in 2000 to concentrate on private investments, he co-founded Beacon Street Capital with Terry Burke in 2001. Mr. Weems holds a B.A. in Economics from Vanderbilt University and an MBA in Finance/Accounting from the University of Chicago.
Beacon Street Capital, LLC is an independent, employee owned investment advisor unaffiliated with any bank or broker dealer. The firm’s principals invest their own capital alongside their clients.