Michael Castellano - Munivest Fund Independent Trustee

MVF Fund  USD 7.15  0.03  0.42%   
Michael Castellano is Fund Manager at Munivest Fund
Mr. Michael J. Castellano serves as Independent Trustee of BlackRock MuniVest Fund Inc. The Boards benefit from Mr. Castellanos career in accounting which spans over forty years. Mr. Castellano has served as Chief Financial Officer of Lazard Ltd. and as a Managing Director and Chief Financial Officer of Lazard Group. Prior to joining Lazard, Mr. Castellano held various senior management positions at Merrill Lynch Co., including Senior Vice PresidentChief Control Officer for Merrill Lynchs capital markets businesses, Chairman of Merrill Lynch International Bank and Senior Vice PresidentCorporationrate Controller. Prior to joining Merrill Lynch Co., Mr. Castellano was a partner with Deloitte Touche where he served a number of investment banking clients over the course of his 24 years with the firm. Mr. Castellano currently serves as a director for CircleBlack Inc. Mr. Castellanos knowledge of financial and accounting matters qualifies him to serve as a member of each Funds Audit Committee. Mr. Castellanos independence from the Funds and the Funds investment advisor enhances his service as a member of the Governance Committee and Performance Oversight Committee.
Age 75
Tenure 14 years
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240201/blackrock-munivest-fund-inc-usd-fund

Munivest Fund Management Performance (%)

The company has Return on Asset of 1.88 % which means that on every $100 spent on assets, it made $1.88 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.59 %, implying that it generated $0.59 on every 100 dollars invested. Munivest Fund's management efficiency ratios could be used to measure how well Munivest Fund manages its routine affairs as well as how well it operates its assets and liabilities.
Munivest Fund has 351.41 M in debt with debt to equity (D/E) ratio of 0.58, which is OK given its current industry classification. Munivest Fund has a current ratio of 2.78, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Munivest Fund until it has trouble settling it off, either with new capital or with free cash flow. So, Munivest Fund'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 Munivest Fund sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Munivest to invest in growth at high rates of return. When we think about Munivest Fund's use of debt, we should always consider it together with cash and equity.

Similar Money Managers

Showing other executives

One Year Return

Janey AhnBlackrock Munivest
46
Catherine LynchBlackrock Muniyield
60
Janey AhnBlackrock Muniyield Quality
46
Susan PereiraMFS High Income
54
Theron HoffmanJohn Hancock Income
72
Martin WolinMFS High Income
52
Henry GabbayBlackrock Muniholdings Closed
72
William SearcyDWS Municipal Income
74
Cynthia EganBlackrock Muniyield Quality
65
Clarence OtisMFS High Income
64
Catherine LynchBlackrock Muniholdings Closed
60
Charles ParkBlackrock Munivest
54
James YostMFS High Income
60
Steven BullerMFS High Yield
69
Robert HubbardBlackrock Muniholdings Closed
63
Henry GabbayBlackrock Munivest
72
Charles BardelisJohn Hancock Income
79
Salvatore SchiavoneJohn Hancock Income
55
Cedric AntosiewiczNuveen California Select
58
Deborah JacksonJohn Hancock Income
68
Kino ClarkMFS High Yield
52
BlackRock MuniVest Fund, Inc. is a closed-ended fixed income mutual fund launched by BlackRock, Inc. BlackRock MuniVest Fund, Inc. was formed on September 29, 1988 and is domiciled in the United States. Munivest Fund is traded on New York Stock Exchange in the United States. The fund is not categorized under any group at the present time.

Management Performance

Munivest Fund Leadership Team

Elected by the shareholders, the Munivest Fund's board of directors comprises two types of representatives: Munivest Fund inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Munivest. The board's role is to monitor Munivest Fund's management team and ensure that shareholders' interests are well served. Munivest Fund'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, Munivest Fund'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 Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustees
Charles Park, Chief Compliance Officer and Anti-Money Laundering Officer
Frank Fabozzi, Independent Trustee
J Holloman, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Director/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

Munivest 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 Munivest Fund 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.

Currently Active Assets on Macroaxis

Other Information on Investing in Munivest Fund

Munivest Fund financial ratios help investors to determine whether Munivest 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 Munivest with respect to the benefits of owning Munivest Fund security.
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Equity Valuation
Check real value of public entities based on technical and fundamental data