Tiedemann Advisors Speaker Series
High oil and gas prices and inflation:
What does this mean for the Energy Transition?
The spike in energy (and all other commodity prices) was well advanced before the Russian invasion of Ukraine - revealing the overwhelming dependence that the economy and society at large still have on the existing conventional energy system. In addition, high energy prices are occurring at a time when systematic monetary and supply chain issues are causing inflation and a pivot in monetary policy was already causing a shift in investor sentiment away from high P/E stocks toward shorter duration equities.
We sat down for a conversation with Jim Murchie, CEO of Energy Income Partners, who discusses the energy sector implications of supply chain concerns, rising oil and gas prices and how the energy transition may be affected by it. He also discusses how Energy Income Partners is navigating this space.
This event took place on March 17, 2022
Co-Founder, Co-Portfolio Manager and CEO
Energy Income Partners
James Murchie co-founded Energy Income Partners (EIP) in 2003 with Linda Longville and Eva Pao. EIP is a partner-owned asset manager and is an outgrowth of his personal investing in energy infrastructure. EIP’s Funds and products concentrate their portfolios in the securities of noncyclical energy infrastructure companies in the pipeline, electric power and renewable development sectors. Between 1998 and 2003, he ran Lawhill Capital which managed a long/short equity fund that invested in energy and cyclical equities and commodities. From 1995 to 1997, he was a Managing Director at Tiger Management where his primary responsibility was investments in energy, commodities and related equities. From 1990-1995, Mr. Murchie was a Principal at Sanford C. Bernstein where he was a top-ranked energy analyst and sat on the Research Department’s Recommendation Review Committee. Before joining Bernstein, he spent 8 years at British Petroleum in 7 operating and staff positions of increasing responsibility.
He has been named one of only three Hall of Fame investors by Alerian. Mr. Murchie has testified on energy policy in front of the U.S. Senate Committee on Energy and Natural Resources, presents at the Energy Roundtable at the Aspen Institute and numerous industry conferences and events. He has often been quoted in media outlets such as Bloomberg, the Financial Times and the Wall Street Journal. His interview with Steve Forbes is available on-line. Mr. Murchie received a B.A. from Rice University in 1979 and an M.A. in Energy Planning from Harvard University in 1982.
Managing Director at Tiedemann Advisors
Alex is a senior member of the Investment Group and is a member of the firm’s Internal Investment Committee bringing over 15 years of experience in the investment management industry in asset allocation, investment manager due diligence, risk management and solution design. Alex has worked across the landscape of traditional and impact investment strategies and has spent the last five years providing advice to foundations on their transition to impact investing.
Alex joined Tiedemann when the firm acquired Threshold Group, where he spent five years focusing on investment manager research, asset allocation and risk management. Prior to joining Threshold, Alex spent ten years at SEI Investments in a variety of roles, most recently directing investment research and due diligence with the Alternative Investments team. At SEI, he helped develop quantitative risk management processes and hedge fund allocation methodologies. In a previous role, Alex was a derivatives trader and analyst on SEI’s portfolio implementation team.
Alex earned a Bachelor of Science degree from Villanova University and a Master of Science degree in financial engineering from Temple University. Born and raised in Connecticut, Alex resides in Mount Laurel, New Jersey with his wife and daughter.