Davey Scoon - Allianzgi Diversified Independent Vice Chairman of the Board of Trustee

ACV Fund  USD 22.67  0.33  1.48%   
Davey Scoon is Fund Manager at Allianzgi Diversified Income
Mr. Davey S. Scoon, CPA serves as an Independent Chairman of the Board Trustee of the Company. He is Adjunct Professor, University of WisconsinMadison. Formerly, Chief Administrative and Financial Officer, Toms of Maine and Chief Administrative and Financial Officer, SunLife Financial U.S. .
Age 75
Tenure 5 years
Professional MarksCPA
Phone212 739 3000

Allianzgi Diversified Management Performance (%)

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Virtus Diversified Income Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. Virtus Diversified Income Convertible Fund was formed In May 27, 2015 and is domiciled in United States. Virtus Diversified 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.

Allianzgi Diversified Leadership Team

Elected by the shareholders, the Allianzgi Diversified's board of directors comprises two types of representatives: Allianzgi Diversified 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 Diversified's management team and ensure that shareholders' interests are well served. Allianzgi Diversified'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 Diversified's outside directors are responsible for providing unbiased perspectives on the board's policies.
Nancy Engberg, Senior Vice President
Angela Borreggine, Vice President, Counsel, Secretary, Chief Legal Officer
Davey Scoon, Independent Vice Chairman of the Board of Trustee
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 Trustee
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 and Chief Legal Officer
Alan Rappaport, Independent Chairman of the Board of Trustee
William Ogden, Independent Trustee
George Aylward, Independent Trustee
Julia Short, Senior Vice President
Craig Ruckman, Assistant Secretary
Orhan Dzemaili, Assistant Treasurer
Scott Whisten, Treasurer, Principal Financial and Accounting Officer
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 Diversified 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Allianzgi Diversified in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Allianzgi Diversified's short interest history, or implied volatility extrapolated from Allianzgi Diversified options trading.

Pair Trading with Allianzgi Diversified

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allianzgi Diversified position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allianzgi Diversified will appreciate offsetting losses from the drop in the long position's value.

Moving together with Allianzgi Fund

  0.64CLM Cornerstone StrategicPairCorr
  0.65ETV Eaton Vance TaxPairCorr
  0.73DNP Dnp Select IncomePairCorr
The ability to find closely correlated positions to Allianzgi Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allianzgi Diversified when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allianzgi Diversified - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allianzgi Diversified Income to buy it.
The correlation of Allianzgi Diversified is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allianzgi Diversified moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allianzgi Diversified moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allianzgi Diversified can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Allianzgi Diversified Income. Also, note that the market value of any fund could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Allianzgi Diversified information on this page should be used as a complementary analysis to other Allianzgi Diversified's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Please note, there is a significant difference between Allianzgi Diversified's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allianzgi Diversified is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allianzgi Diversified's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.