FYI: Most investors experience booms and busts over their careers. Tyler Rosenlicht, now 33, experienced euphoria and panic in two different sectors over his first decade on the job.
There was the financial crisis, during which time Rosenlicht worked as an investment banker focused on real estate. Then he joined Cohen & Steers as an analyst covering energy when the hydraulic-fracturing boom started driving up prices of master limited partnerships, or MLPs, which store, transport, refine, and market oil, natural gas, and gas liquids—all of which are known as “midstream” businesses.
A few years later, he became a co-manager of the $164 million Cohen & Steers MLP & Energy Opportunity fund (ticker: MLOAX) just in time for oil prices to collapse. The fund, which Rosenlicht manages with Robert Becker and Benjamin Morton, dropped 39% in 2015. It has since recovered and ranks in the top quartile of its Morningstar energy limited partnership category in the years since, and is beating 88% of its peers over the past three years
Regards,
Ted
https://www.barrons.com/articles/energize-your-portfolio-with-these-mlps-and-energy-stocks-1540580622?refsec=mutual-fundsM* Snapshot MLOAX:
https://www.morningstar.com/funds/XNAS/MLOAX/quote.htmlLipper Snapshot MLOAX:
https://www.marketwatch.com/investing/fund/mloaxMLOAX Is Unranked In The (ELP) Fund Category By U.S. News & World Report:
https://money.usnews.com/funds/mutual-funds/energy-limited-partnership/cohen-steers-mlp-energy-opp-fd/mloax
