Michael Downey - Alliancebernstein Independent Director

AFB Fund  USD 11.23  0.03  0.27%   
Michael Downey is Fund Manager at Alliancebernstein National Municipal
Mr. Michael J. Downey is Independent Director of the Company. He was Private Investor since prior to 2010. Formerly, managing partner of Lexington Capital, LLC from December 1997 until December 2003. He served as a Director of Prospect Acquisition Corporationration from 2007 until 2009. From 1987 1993, Chairman and CEO of Prudential Mutual Fund Management, director of the Prudential mutual funds, and member of the Executive Committee of Prudential Securities Inc. He has served as a director or trustee of the AllianceBernstein Funds since 2005 and its director and chairman of one other investment company.
Age 77
Tenure 19 years
Phone615 622 0000
Webhttps://www.alliancebernstein.com/abcom/Product_Center/3_Vehicle/MF/ClosedEnd/AllianceBernstein_National_Muni_Income.htm

Alliancebernstein Management Performance (%)

The company has Return on Asset of 1.92 % which means that on every $100 spent on assets, it made $1.92 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (13.22) %, meaning that it generated no profit with money invested by stockholders. Alliancebernstein's management efficiency ratios could be used to measure how well Alliancebernstein manages its routine affairs as well as how well it operates its assets and liabilities.

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AllianceBernstein National Municipal Income Fund is a closed-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. AllianceBernstein National Municipal Income Fund was formed on November 9, 2001 and is domiciled in the United States. Alliance National operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not filed under any group at the present time.

Management Performance

Alliancebernstein Leadership Team

Elected by the shareholders, the Alliancebernstein's board of directors comprises two types of representatives: Alliancebernstein inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alliancebernstein. The board's role is to monitor Alliancebernstein's management team and ensure that shareholders' interests are well served. Alliancebernstein's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alliancebernstein's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Davidson, Senior Vice President
Joseph Mantineo, Chief Financial Officer, Treasurer
Jorge Bermudez, Independent Director
Earl Weiner, Independent Director
Phyllis Clarke, Controller
Emilie Wrapp, Secretary
Terrance Hults, Vice President
Vincent Noto, VP and Mutual Fund Chief Compliance Officer
Michael Downey, Independent Director
Jeanette Loeb, Independent Director
Marshall Turner, Independent Chairman of the Board
Matthew Norton, Vice President
Robert Keith, President, Chief Executive Officer, Director
Carol McMullen, Independent Director
Michael Reyes, Senior Analyst
Garry Moody, Independent Director
Nancy Jacklin, Independent Director

Alliancebernstein Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Alliancebernstein a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Alliancebernstein Fund

Alliancebernstein financial ratios help investors to determine whether Alliancebernstein Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alliancebernstein with respect to the benefits of owning Alliancebernstein security.
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