Tony Huang
About Tony Huang
Tony Huang is Vice President and Assistant Secretary of the Advent Convertible and Income Fund (NYSE: AVK), and serves concurrently as Director, Co‑Portfolio Manager, and Analyst at Advent Capital Management, LLC. He has held officer roles at the Fund since 2014 and was born in 1976, with his business address at Advent Capital Management, 888 Seventh Avenue, 31st Floor, New York, NY 10019 . AVK’s proxy states officers receive no compensation from the Fund; any compensation occurs at Advent Capital or its affiliates and is not disclosed at the Fund level, limiting pay‑for‑performance analysis based on Fund documents . Fund‑level TSR or operational performance metrics tied to Mr. Huang’s compensation are not disclosed in AVK’s proxy materials .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Fidelity Investments | Associate | 1996–2000 | — |
| M/C Venture Partners | Vice President, Portfolio Manager | 2000–2001 | — |
| Abacus Investments | Vice President, Analyst | 2001 | — |
| Essex Investment Management | Senior Vice President, Portfolio Manager and Analyst | 2001–2006 | — |
| Advent Capital Management, LLC | Director, Co‑Portfolio Manager and Analyst | 2007–present | Portfolio management/analysis for convertibles and income strategies |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Advent Capital Management, LLC | Director, Co‑Portfolio Manager and Analyst | 2007–present | Current principal occupation alongside Fund officer role |
Fixed Compensation
- Officers receive no compensation from the Fund; compensation is paid by Advent Capital Management or affiliates and is not disclosed in Fund proxies, so base salary, target/actual bonus, and cash compensation details are unavailable at the Fund level .
Performance Compensation
- Performance‑based equity or cash incentives for Mr. Huang are not disclosed by AVK; any RSUs/PSUs/options, strike/vesting, and performance metrics would be governed by Advent Capital policies and are not provided in Fund filings .
Equity Ownership & Alignment
- Beneficial ownership: Each Trustee and officer individually, and the group collectively, owned less than 1% of outstanding AVK shares as of the record dates in recent proxies, indicating limited direct Fund equity exposure among officers .
- Pledged shares: Not disclosed.
- Stock ownership guidelines/compliance: Not disclosed at the Fund level for officers.
- Vested vs. unvested equity and options: Not disclosed.
Employment Terms
| Term/Provision | Disclosure |
|---|---|
| Start date with Fund (officer roles) | Since 2014 |
| Office held | Vice President and Assistant Secretary |
| Contract term | Officers serve at the pleasure of the Board until a successor is appointed or earlier resignation/removal; explicit term length and expiration not provided |
| Compensation source | No compensation from the Fund; officers may receive compensation via the investment advisor or its affiliates |
| Business address | 888 Seventh Avenue, 31st Floor, New York, NY 10019 |
| Non‑compete / Non‑solicit / Garden leave | Not disclosed |
| Severance / Change‑of‑control terms | Not disclosed |
| Clawback / Tax gross‑ups | Not disclosed |
Investment Implications
- Pay‑for‑performance transparency is limited: AVK explicitly discloses that officers are not paid by the Fund, and the advisor’s compensation structure for Mr. Huang (salary/bonus/equity, performance metrics, vesting) is not provided in Fund filings, constraining alignment analysis at the Fund level .
- Alignment via ownership appears modest: Officers individually own less than 1% of AVK shares, suggesting limited direct “skin‑in‑the‑game” in the closed‑end Fund; absence of pledging or ownership guidelines disclosures further limits assessment .
- Retention and execution risk cannot be assessed from Fund documents: Without disclosure of Advent Capital employment terms (severance, change‑of‑control, non‑compete), we cannot quantify retention incentives or potential insider selling pressure from vesting schedules at the advisor level .
- Governance context: Mr. Huang is an officer, not a Trustee; Board oversight is conducted via Audit and Nominating & Governance Committees, but this does not translate to visibility into advisor‑level compensation practices that drive portfolio management incentives .