Richard Cavanagh - Blackrock Debt Independent Co-Chairman of the Board of Trustee

DSU Fund  USD 10.83  0.06  0.56%   
Richard Cavanagh is Fund Manager at Blackrock Debt Strategies
Mr. Richard E. Cavanagh is Independent Chairman of the Board of the company. Mr. Cavanagh brings to the Boards a wealth of practical business knowledge and leadership as an experienced directortrustee of various public and private companies. In particular, because Mr. Cavanagh served for over a decade as President and Chief Executive Officer of The Conference Board, Inc., a global business research organization, he is able to provide the Boards with expertise about business and economic trends and governance practices. Mr. Cavanagh created the blue ribbon Commission on Public Trust and Private Enterprise in 2002, which recommended corporate governance enhancements. Mr. Cavanaghs service as a director of The Guardian Life Insurance Company of America and as a senior advisor and director of The Fremont Group provides added insight into investment trends and conditions. Mr. Cavanaghs longstanding service on the boards of the ClosedEnd Complex also provides him with a specific understanding of the Funds, their operations, and the business and regulatory issues facing the Funds. Mr. Cavanagh is also an experienced board leader, having served as the lead independent director of a NYSE public company and as the Board Chairman of the Educational Testing Service. Mr. Cavanaghs independence from the Funds and the Funds investment advisor enhances his service as Chair of the Boards, Chair of the Leverage Committee, Chair of the Executive Committee and as a member of the Governance Committee, Compliance Committee and Performance Oversight Committee.
Age 75
Tenure 5 years
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240192/blackrock-debt-strategies-fund-inc-usd-fund
Cavanagh is Trustee, Aircraft Finance Trust from 1999 to 2009; Director, The Guardian Life Insurance Company of America since 1998; Trustee, Educational Testing Service from 1997 to 2009 and Chairman thereof from 2005 to 2009; Senior Advisor, The Fremont Group since 2008 and Director thereof since 1996; Faculty Member/Adjunct Lecturer, Harvard University since 2007; President and Chief Executive Officer, The Conference Board, Inc. from 1995 to 2007.

Richard Cavanagh Latest Insider Activity

Tracking and analyzing the buying and selling activities of Richard Cavanagh against Blackrock Debt fund is an integral part of due diligence when investing in Blackrock Debt. Richard Cavanagh insider activity provides valuable insight into whether Blackrock Debt is net buyers or sellers over its current business cycle. Note, Blackrock Debt insiders must abide by specific rules, including filing SEC forms every time they buy or sell Blackrock Debt'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Blackrock Debt Management Performance (%)

The company has Return on Asset of 2.54 % which means that on every $100 spent on assets, it made $2.54 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (7.15) %, meaning that it generated no profit with money invested by stockholders. Blackrock Debt's management efficiency ratios could be used to measure how well Blackrock Debt manages its routine affairs as well as how well it operates its assets and liabilities.
Blackrock Debt Strategies has 222.13 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. Blackrock Debt Strategies has a current ratio of 0.06, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Blackrock Debt until it has trouble settling it off, either with new capital or with free cash flow. So, Blackrock Debt'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 Blackrock Debt Strategies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Blackrock to invest in growth at high rates of return. When we think about Blackrock Debt's use of debt, we should always consider it together with cash and equity.

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BlackRock Debt Strategies Fund, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. BlackRock Debt Strategies Fund, Inc. was formed on March 27, 1998 and is domiciled in the United States. Blackrock Debt is traded on New York Stock Exchange in the United States. The fund is not classified under any group at the present time.

Management Performance

Blackrock Debt Strategies Leadership Team

Elected by the shareholders, the Blackrock Debt's board of directors comprises two types of representatives: Blackrock Debt inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackrock. The board's role is to monitor Blackrock Debt's management team and ensure that shareholders' interests are well served. Blackrock Debt'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, Blackrock Debt's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Karen Robards, Independent Vice Chairman of the Board of Trustee
Richard Cavanagh, Independent Co-Chairman of the Board of Trustee
Charles Park, Chief Compliance Officer (“CCO”) and Anti-Money Laundering Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

Blackrock 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 Blackrock Debt 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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