Michael Downey - Alliancebernstein Independent Director

AWF Fund  USD 10.92  0.07  0.65%   
Michael Downey is Fund Manager at Alliancebernstein Global High
Mr. Michael J. Downey is an Independent Director of the Company. He is Private Investor prior to 2007. Formerly, managing partner of Lexington Capital, LLC from December 1997 until December 2003. From 1987 until 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 Director or trustee of the AllianceBernstein Funds since 2005. and is a director and chairman of one other registered investment company.
Age 77
Tenure 19 years
Phone615 622 0000
Webhttps://www.abglobal.com/abcom/product_center/3_vehicle/mf/closedend/alliancebernstein_global_high_income.htm

Alliancebernstein Management Performance (%)

The company has Return on Asset of 2.95 % which means that on every $100 spent on assets, it made $2.95 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.21 %, implying that it generated $0.21 on every 100 dollars invested. 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.
Alliancebernstein Global High has 1.05 M in debt with debt to equity (D/E) ratio of 0.0, which may show that the company is not taking advantage of profits from borrowing. Alliancebernstein has a current ratio of 0.89, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Alliancebernstein until it has trouble settling it off, either with new capital or with free cash flow. So, Alliancebernstein's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Alliancebernstein sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Alliancebernstein to invest in growth at high rates of return. When we think about Alliancebernstein's use of debt, we should always consider it together with cash and equity.

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AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. AllianceBernstein Global High Income Fund was formed on May 20, 1993 and is domiciled in the United States. Alliancebernstein 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.
Joseph Mantineo, Chief Financial Officer, Treasurer
Jorge Bermudez, Independent Director
Douglas Peebles, Vice President
Fahd Malik, Vice President
Earl Weiner, Independent Director
Gershon Distenfeld, Vice President
Phyllis Clarke, Controller
Emilie Wrapp, Secretary
Shamaila Khan, Vice President
Terrance Hults, Vice President
Vincent Noto, VP and Mutual Fund Chief Compliance Officer
Onur Erzan, President, Chief Executive Officer, Director
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
Stephen Woetzel, Controller
Matthew Sheridan, Vice President
Christian Diclementi, Vice President
Carol McMullen, Independent Director
Michael Reyes, Senior Vice President of the Funds
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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