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SteelPath was the first investment advisor to launch an open-ended mutual fund focused on MLPs, offering investors access to the space with one 1099 tax return, investment transparency, and no leverage. SteelPath also managed other MLP investment vehicles, including private investment partnerships and separately managed accounts. [7]
In 1981, Apache Corporation formed the United States' first MLP, Apache Petroleum Company (APC). Apache’s success drew other oil and gas companies to the MLP structure. Real estate companies soon followed, and by the mid-1980s, MLPs became so popular that they were adopted in a variety of industries, such as restaurants, hotels and cable TV.
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In the end, it means a little extra paperwork for investors, but it can very much be worth it. For a more thorough look at the tax implications of MLP investing, check out fellow Fool Dan ...
Alerian was founded in 2004 by Gabriel Hammond as an MLP asset manager. In 2005, Kenny Feng joined the company and headed the creation and launch of the Alerian MLP Index (NYSE: AMZ), the first real-time index of master limited partnerships (MLPs).The AMZ is now broadly considered to be the benchmark for the asset class.
Summary RICs cannot own more than 25% MLPs, and as a result, these funds tend to have lower yields than C-Corp funds that are 90-100% MLPs. Investors can gain exposure to MLPs through exchange ...
In this three-article series, I'm taking a closer look at the Alerian MLP. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 ...