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Jerry Swank From Precy Dumlao, Opalesque Asia:

The energy master limited partnerships or MLPs universe has grown ten-fold from a $30bn industry in 2003 to its current size of $300bn (and still growing). But traditionally, roughly 70% to 80% of its investors were retail, said Jerry Swank, founder of the $1.3bn Dallas-based MLP-focused Swank Capital Swank Capital during the latest Opalesque Texas Roundtable.

Swank told participants of the Roundtable sponsored by Custom House Group, that the sector only started to attract serious allocations from institutional investors starting last year and he is looking to develop this into a major trend.

"For example, some state funds may be getting 4% on their corporate bond portfolio, if they could sell those and buy energy MLPs, they will pick up 200 or 300 basis points more, plus the growth of those distributions. In the last few weeks, two of the very large institutional pension and endowment/foundation consultants have written big position papers basically taking this asset class to their investors," Swank pointed out.

MLPs are defined as publicly traded limited partnerships primarily engaged in the midstream portion of the energy chain. While the MLP s......................

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