Mr. Gabriel Hammond

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  www.fwbog.com/index.php?page=article&article=34 - [Cached Version]
  Published on: 10/1/2008    Last Visited: 10/4/2008  

  An area man who is well versed in their popularity is Gabriel Hammond, founder and managing partner of Alerian Capital Management, headquartered in Dallas.Hammond, a former equity research analyst with Goldman Sachs & Co., said MLPs have seen a dramatic growth in capitalization from $25 billion in the 1990s to $150 billion today. In March, Alerian launched the Alerian MLP Infrastructure Index, a composite of the 30 most prominent midstream energy companies in the MLP asset class, including several in the Fort Worth Basin region. MLPs in their present form grew out of the federal Tax Reform Act of 1986 and Revenue Act of 1987.But their popularity is tied more to their distribution growth potential than to tax advantages, Hammond noted."You're really buying it for that reason," he said.
  ...
  Hammond, founder of Alerian Capital Management, noted that the Tax Reform Act of 1986 was pushed by people who were focused on closing tax loopholes, not by people in the oil and gas industry. And, he pointed out that the MLP structure itself was promoted by representatives who wanted to ensure the appropriate development of the United States energy infrastructure and resources.MLPs are proliferating in the Fort Worth Basin and other areas where production is increasing.

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  www.tulsaworld.com/business/article.aspx?articleID=2008 - [Cached Version]
  Published on: 7/22/2008    Last Visited: 7/22/2008  

  Moving into the board leadership are Sundar S. Srinivasan, a portfolio manager for Manchester's parent company, Elliott Associates; David N. Bernfeld, an analyst for Elliott; and Gabriel Hammond, a managing partner in Alerian.
  ...
  Hammond said in a statement: "We believe strongly in the intrinsic value of the fee-based energy infrastructure assets owned by SGLP.

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  newsok.com/business-for-semgroup-subunit-goes-on-after- - [Cached Version]
  Published on: 8/2/2008    Last Visited: 8/3/2008  

  "Even if commodity prices fell substantially from today's current levels, we believe the producers still have a terrific incentive to keep volumes flowing at a strong pace," said Gabriel Hammond, a SemGroup Energy Partners board member who also is managing partner of Alerian Capital Management.
  
  "This partnership provides the fundamental midstream services to keep energy flowing through the nation with its gathering, transporting, terminalling and storage of crude oil and refined petroleum products."
  
  Hammond said SemGroup Energy Partners' 6.8 million barrels of crude oil storage at Cushing is vital, given that interchange is a premier energy hub for the nation.
  
  "We believe these assets have tremendous value to any third-party transportation customer that is looking to optimize its energy transportation logistics."
  
  Hammond added that the company expects more crude oil to make its way to Cushing in coming years, which "makes it (our assets) more valuable over time."

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  eat-rice.com/?m=200709 - [Cached Version]
  Published on: 9/1/2007    Last Visited: 1/26/2008  

  MOST people who knew Gabriel Hammond at Johns Hopkins in the late 1990s could have predicted he would rise quickly on Wall Street.As a freshman, he traded stocks from his dorm room, making a $1,000 bet on Caterpillar.Soon after, he abandoned his childhood dream of becoming a lawyer and, upon graduation, joined Goldman Sachs as a stock analyst.
  
  Three years into his new job, Mr. Hammond noticed something.Very few of his young co-workers were taking a hiatus from Wall Street to go to business school, long considered an essential rung on the way to the top of the corporate ladder.
  
  Continue reading News Clips | Financial Winners…

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  www.forbes.com/home/forbes/2008/0602/144.html - [Cached Version]
  Published on: 1/1/2008    Last Visited: 5/18/2008  

  Take Gabriel Hammond's advice and own some buried steel.
  
  Gabriel Hammond is a fund manager from central casting.Raised in a posh Washington, D.C. suburb, he got a degree from Johns Hopkins, spent two years at Goldman Sachs and then set up his own fund firm (current assets under management: $250 million).The one kink in his story is that Hammond, 29, doesn't dabble in growth stocks or distressed debt.His game is rusty metal tubes buried deep underground.
  ...
  "These companies are all toll-road business models," says Hammond.
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  After graduating, Hammond, who maintains his swimmer's physique on a diet that includes a gallon of egg whites a week, took a job as an energy analyst at Goldman Sachs in New York.It turned out to be a front-row seat for Enron's collapse and the shock waves it sent through the pipeline industry."Companies were selling assets to stave off bankruptcy," recalls Hammond.
  
  As firms like El Paso and Dynegy raced to raise capital, some spun off pipelines into MLPs.When it was over, Hammond was the only one in Goldman's energy and power group interested in covering the partnerships.
  
  In the 15 years since tax changes had paved the way for modern MLPs, a mere 15 had been launched and had a combined value of $20 billion by 2003.In the market recovery that followed Enron's collapse, however, the partnerships started to draw yield-hungry investors.Hammond was convinced the MLP business was poised for a growth spurt, like the one REITs had enjoyed a decade and a half earlier.
  
  He began putting together Alerian in July 2004 and trading MLPs with $5 million under management from Hans Utsch, a portfolio manager at Federated Investors, whom Hammond had met at a luncheon.Hammond struggled just to pay the bills but earned 15% his first half-year in operation.

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  newsok.com/lenders-taking-control-of-semgroup/article/3 - [Cached Version]
  Last Visited: 7/22/2008  

  Alerian Managing Partner Gabriel Hammond said that the investment group is banking on SemGroup Energy's hard assets, such as pipelines and storage facilities.The partnership stores and moves oil and asphalt.
  
  "We believe strongly in the intrinsic value of the fee-based energy infrastructure assets owned by SGLP.The storage and transportation services provided by this company are an integral component of the midstream energy industry," Hammond said.

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  www.tulsaworld.com/news/article.aspx?articleID=20080723 - [Cached Version]
  Published on: 7/23/2008    Last Visited: 7/23/2008  

  Alerian's Gabriel Hammond, another new board member who assumed voting control, touted SemGroup Energy Partners' 6.8 million barrels' worth of storage at its Cushing terminal.He also noted that the company is not involved in any hedging practices and anticipates ever-greater storage possibilities at Cushing as more pipelines connect to the facility.
  
  "There has not been a more exciting time," Hammond said."We continue to believe that more and more barrels of oil will make it south to Cushing.
  
  "We believe it makes it more valuable over time," he added.
  
  SemGroup LP, meanwhile, faced other court challenges.

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  www.implu.com/releases/2008/20080721/11318/implu_viewer - [Cached Version]
  Published on: 7/21/2008    Last Visited: 7/22/2008  

  Sundar S. Srinivasan, David N. Bernfeld and Gabriel Hammond were appointed as directors on the Board.
  ...
  Mr. Hammond is the Managing Partner of Alerian Capital Management.Prior to founding the company in 2004, Mr. Hammond covered the broader Energy and Power sector at Goldman, Sachs & Co., in the firm's Equity Research Division.Specializing in the Master Limited Partnership midstream energy space, Mr. Hammond advised Goldman Sachs Asset Management, which holds an estimated $2 billion of MLP securities (both as principal and on behalf of its clients), with portfolio allocation, short-term trading, and tax-advantaged specialty applications.Mr. Hammond sits on the Board of Directors of the National Association of Publicly Traded Partnerships.He is also a member of the Board of Directors of Quest Midstream Partners, L.P.

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  www.tulsabusiness.com/industry_article.asp?cID=7&aID=23 - [Cached Version]
  Published on: 7/21/2008    Last Visited: 8/8/2008  

  "We believe strongly in the intrinsic value of the fee-based energy infrastructure assets owned by SGLP," said Gabriel Hammond, managing director of Alerian.
  ...
  The storage and transportation services provided by this company are an integral component of the midstream energy industry," said Alerian Managing Partner Gabriel Hammond.

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  www.kiplinger.com/columns/balance/archive/2008/balance0 - [Cached Version]
  Published on: 4/8/2008    Last Visited: 4/8/2008  

  The selloff in their shares is all about "fear and panic," says Gabriel Hammond, managing partner of Alerian Capital, a Dallas investment firm that specializes in MLPs.
  
  Hammond says most pipeline partnerships are small, with market values of less than $2 billion.Many are spinoffs from larger energy companies and tend to be ignored by Wall Street.The small size and thin trading volume make some mutual funds and other institutional investors skittish in this volatile market climate, which favors large, blue-chip companies.
  
  Hammond adds that pipelines and storage infrastructure are capital-intensive businesses.
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  Soon, says Hammond.

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