Davey Scoon - Allianzgi Convertible Independent Vice Chairman of the Board of Trustees

NCV Fund  USD 3.68  0.02  0.55%   
Davey Scoon is Fund Manager at Allianzgi Convertible Income
Mr. Davey S. Scoon, CPA., is Independent Chairman of the Board of Trustees of the Company
Age 75
Tenure 6 years
Phone212 739 3000
Webhttps://www.allianzinvestors.com/Products/pages/12.aspx
Scoon has many years of senior executive experience in the financial services industry, including 14 years as Chief Operating Officer of Colonial Mutual Funds. He has a background and experience in accounting and finance as well as experience as an officer of public companies. He served as Chief Administrative and Financial Officer for Tom’s of Maine and SunLife Financial — U.S. He serves on several public company boards. He is a director of several biomedical companies, including serving as board chair of a health plan with a $1 billion investment portfolio.

Allianzgi Convertible Management Performance (%)

The company has Return on Asset of 1.86 % which means that on every $100 spent on assets, it made $1.86 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 16.21 %, implying that it generated $16.21 on every 100 dollars invested. Allianzgi Convertible's management efficiency ratios could be used to measure how well Allianzgi Convertible manages its routine affairs as well as how well it operates its assets and liabilities.
Allianzgi Convertible Income has 36.82 M in debt with debt to equity (D/E) ratio of 0.04, which may show that the company is not taking advantage of profits from borrowing. Allianzgi Convertible has a current ratio of 0.49, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Allianzgi Convertible until it has trouble settling it off, either with new capital or with free cash flow. So, Allianzgi Convertible'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 Allianzgi Convertible sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Allianzgi to invest in growth at high rates of return. When we think about Allianzgi Convertible's use of debt, we should always consider it together with cash and equity.

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Virtus Convertible Income Fund is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. Virtus Convertible Income Fund was formed on March 31, 2003 and is domiciled in the United States. Virtus Convertible operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the present time.

Management Performance

Allianzgi Convertible Leadership Team

Elected by the shareholders, the Allianzgi Convertible's board of directors comprises two types of representatives: Allianzgi Convertible inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Allianzgi. The board's role is to monitor Allianzgi Convertible's management team and ensure that shareholders' interests are well served. Allianzgi Convertible'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, Allianzgi Convertible's outside directors are responsible for providing unbiased perspectives on the board's policies.
Nancy Engberg, Senior Vice President
Angela Borreggine, Vice President, General Counsel, Company Secretary, Chief Legal Officer
Davey Scoon, Independent Vice Chairman of the Board of Trustees
Erick Holt, Trustee
Peter Batchelar, Senior Vice President
Debra Rubano, Assistant Secretary
James Jacobson, Independent Trustee
Thomas Harter, Chief Compliance Officer
Patrick Bradley, Chief Financial Officer, Executive Vice President, Treasurer
Hans Kertess, Independent Vice Chairman of the Board of Trustees
Sarah Cogan, Independent Trustee
Philip Mcloughlin, Independent Trustee
Richard Cochran, Assistant Treasurer
Deborah DeCotis, Independent Trustee
James MacLeod, Independent Trustee
Bradford Gallagher, Independent Trustee
F Drummond, Independent Trustee
Thomas Fuccillo, Vice President Secretary, Chief Legal Officer
Alan Rappaport, Independent Chairman of the Board of Trustees
William Ogden, Independent Trustee
George Aylward, Independent Trustee
Julia Short, Senior Vice President
Craig Ruckman, Assistant Secretary
Orhan Dzemaili, Assistant Treasurer
Scott Whisten, Principal Financial and Accounting Officer, Treasurer
Jennifer Fromm, Vice President Assistant Secretary

Allianzgi 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 Allianzgi Convertible 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.

Thematic Opportunities

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Other Information on Investing in Allianzgi Fund

Allianzgi Convertible financial ratios help investors to determine whether Allianzgi 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 Allianzgi with respect to the benefits of owning Allianzgi Convertible security.
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