Dr. Charles Lieberman serves as chief investment officer for Advisors Capital Management L.L.C., a money management and investment advisory firm, servicing financial advisors and private clients throughout the country. Dr. Lieberman has overall responsibility for managing its three primary types of separate account portfolios, growth, growth with income, and income with growth. A graduate of the Massachusetts Institute of Technology with a bachelors degree in economics, he earned a Ph.D. in economics from the University of Pennsylvania before beginning his professional career as an academic at the University of Maryland and, subsequently, at Northwestern University. After five years in academia, Dr. Lieberman joined the Federal Reserve Bank of New York as head of its Monetary Analysis Staff before coming to Wall Street. At Morgan Stanley and Shearson Lehman Brothers, he focused on the debt and equity markets, respectively. In 1986, he joined Manufacturers Hanover Securities Corp. as chief economist and head of research and retained that position through the subsequent mergers with Chemical Bank and Chase Manhattan. During his 11-1/2 years with these banks, he worked intensively with the Bank’s clients, as well as the Bank’s trading desks and portfolio and sat on the Bank’s Markets Committee, which was responsible for funding, interest rate and currency risk management. He also traveled extensively on behalf of the Bank, both domestically and internationally, consulting with senior government officials and portfolio managers of some of the largest financial institutions in the world. In 1997, he left Chase to found, along with co-founder Henry Kaufman, the global macro hedge fund Strategic Investors Management L.L.C. and to serve as its managing partner and principal strategist. In this role, Dr. Lieberman constructed leveraged investments (some hedged, some unhedged) on a global basis. Dr. Lieberman is frequently quoted in the media. He has appeared often on CNBC, Bloomberg radio and television, CNN, CNNfn, The Nightly Business Report on PBS, Reuters Financial Television, Fox Business News, and the major television networks. He is often quoted by Bloomberg, Reuters, The Wall Street Journal, The Washington Post, Barron’s, and numerous other domestic and international business publications.
I am a private investors who follows factoids. Given what has happened to MLP's I have started buying and there was one in particular that is offering outsized yields of 24.5%. It is AMID and has dropped like a stone over the last year reaching levels suggesting problems. I do not own it and wish to know if I should. Recently Energy Spectrum Capital announced they were making a large purchase of the stock. They already have a substantial position.
Would you be willing to do an analysis of this company and the possible pitfalls. I follow you and you seem to do a thorough job. I have recently purchased ETP based on your analysis and I have also purchased a fairly large position in DLNG which is now yielding over 17%.
My guess is some of these MLP's are being punished unfairly because a few have cut their dividends. I believe this is particularly true of DLNG which is an LNG shipper with 5 or six new ships. The LNG market will be expanding and I consider this company a safe investment.
Right now I want to know what the risk is for AMID.
Jeff Kassel, Ph.D.