John Perlowski - Blackrock Munienhanced President, Chief Executive Officer, Trustee
John Perlowski is Fund Manager at Blackrock Munienhanced
Mr. John M. Perlowski is President, Chief Executive Officer and Trustee of Blackrock Munienhanced Fund, Inc. Mr. Perlowskis experience as Managing Director of BlackRock, Inc. since 2009, as the Head of BlackRock Global Accounting and Product Services since 2009, and as President and Chief Executive Officer of the Funds since 2011 provides him with a strong understanding of the Funds, their operations, and the business and regulatory issues facing the Funds. Mr. Perlowskis prior position as Managing Director and Chief Operating Officer of the Global Product Group at Goldman Sachs Asset Management, and his former service as Treasurer and Senior Vice President of the Goldman Sachs Mutual Funds and as Director of the Goldman Sachs Offshore Funds provides the Boards with the benefit of his experience with the management practices of other financial companies. Mr. Perlowskis experience with BlackRock enhances his service as a member of the Funds Executive Committee. Mr. Perlowski also serves as board member for the BlackRock EquityBond and the BlackRock EquityLiquidity mutual fund families.
| Age | 55 |
| Tenure | 11 years |
| Phone | 302-797-2000 |
| Web | http://www.blackrock.com/investing/products/240257/blackrock-munienhanced-fund-inc-usd-fund |
Blackrock Munienhanced Management Performance (%)
The company has Return on Asset of 2.01 % which means that on every $100 spent on assets, it made $2.01 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 3.4 %, implying that it generated $3.4 on every 100 dollars invested. Blackrock Munienhanced's management efficiency ratios could be used to measure how well Blackrock Munienhanced manages its routine affairs as well as how well it operates its assets and liabilities.Blackrock Munienhanced has 230.01 M in debt with debt to equity (D/E) ratio of 0.64, which is OK given its current industry classification. Blackrock Munienhanced has a current ratio of 0.08, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Blackrock Munienhanced until it has trouble settling it off, either with new capital or with free cash flow. So, Blackrock Munienhanced'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 Munienhanced 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 Munienhanced's use of debt, we should always consider it together with cash and equity.
Management Performance
Blackrock Munienhanced Leadership Team
Elected by the shareholders, the Blackrock Munienhanced's board of directors comprises two types of representatives: Blackrock Munienhanced 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 Munienhanced's management team and ensure that shareholders' interests are well served. Blackrock Munienhanced'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 Munienhanced'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 | ||
| 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 | ||
| Catherine Lynch, 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 Munienhanced 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.
| Return On Equity | 3.4 | |||
| Return On Asset | 2.01 | |||
| Profit Margin | 54.21 % | |||
| Operating Margin | 85.46 % | |||
| Current Valuation | 588.56 M | |||
| Shares Outstanding | 29.68 M | |||
| Shares Owned By Institutions | 21.00 % | |||
| Number Of Shares Shorted | 59.06 K | |||
| Price To Earning | 29.39 X | |||
| Price To Book | 1.00 X |
Pair Trading with Blackrock Munienhanced
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 Blackrock Munienhanced 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 Blackrock Munienhanced will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Eastman Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastman Chemical 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 Eastman Chemical - 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 Eastman Chemical to buy it.
The correlation of Eastman Chemical 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 Eastman Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastman Chemical 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 Eastman Chemical 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.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in Blackrock Fund
If you are still planning to invest in Blackrock Munienhanced check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Blackrock Munienhanced's history and understand the potential risks before investing.
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