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Jerry Swank Bailey McCann, Opalesque New York

Jerry Swank is a pioneer in energy investing. Founder and CIO of Swank Capital, a Dallas-based hedge fund and asset management boutique, Swank is focused on Master Limited Partnerships (MLPs) in energy. Swank founded the firm after spending 14 years with Credit Suisse.

Matthias Knab recently interviewed Jerry Swank on Opalesque.TV.

Swank was drawn to MLPs after working in both fixed income and energy research. Swank explains, "I think it was a combination of my fixed income background and my energy background that led me to go look at these MLPs, which is a combination of yield and energy, and so I was just doing them by myself for a while and then in 2002 I decided to start a fund. There had never been a fund in any structure done on Master Limited Partnerships only."

Energy Master Limited Partnership (MLPs) as an asset class

Swank notes that energy MLPs are their own asset class, giving him a unique niche with unique benefits. "Energy MLPs is a different asset class. They are Master Limited Partnerships, they trade on the New York Stock Exchanges just like regular stocks, but technically are partnerships. So, in the United States, they do not pay taxes. Those tax benefits flow through to their investors."

According to Swank, beyond tax benefits, energy MLPs represent a very stable investment: "what they do, basically, is (directed to) the energy infrastructure of the United States. S......................

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