BDC Losses, MLPs And REITs – Slow Motion Melt

BDC Losses, MLPs And REITs - Slow Motion Melt by David von Leib, author of Not My Grandfather's Wall Street: Diaries of a Derivatives Trader.

I previously worked for a white-shoe consulting company as their Director of Alternative Research. For sixteen years that company strove to produce unbiased manager selection choices, and were particularly well regarded for their alternative investment advice. Over a hundred different independent RIAs used this company as a backbone to their high-net-worth advisory businesses. It was a pure consulting model. No manager kick-backs were allowed to get on the approved list platform; there were no conflicts.

Then one day the firm was sold to a retail broker-dealer, and the business model started to change.

With new management soon...