Kayne Anderson Rebounds In January

Feb 27 2009 | 12:21am ET

Los Angeles-based Kayne Anderson Capital Advisors’s MLP Fund is looking to put a calamitous 2008 behind it and start fresh. 

The $388 million fund, which lost 49% last year, rebounded last month, to an extent, gaining 21.9%.

KAMLP invests primarily in publicly-traded master limited partnerships that own and operate energy-related infrastructure assets.

“MLPs are under-appreciated and defensive in nature, due to having steady cash flow, and stable long-lived assets that are vital to the economy,” according to the firm. “MLPs are weakly correlated to the broader debt and equity markets. We believe well-run MLPs will consistently grow cash distributions via accretive acquisitions and high-return internal investments. MLPs have an attractive average current yield in excess of 8%, which on average, is 75% to 85% tax deferred.”

Kayne Anderson’s other hedge funds—the Mid-Stream Energy Fund, which dropped 70.48% in 2008, and the Kayne Anderson Capital Income Fund, a multi-strategy offering that dropped 58.87%—also started off the year in good shape gaining 27.79% and 3.9%, repsectively.

Kayne Anderson, founded in 1984, manages some $6 billion in total assets.


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note