Robert DiMella, CFA
Executive Managing Director, Co-Head of MacKay Municipal Managers
Bob Dimella

Robert is an Executive Managing Director, Co-Head of MacKay Municipal Managers, and Portfolio Manager of the NYLI MacKay municipal bond funds. His primary focus is in the investment-grade component of the market and special situations.  He is a member of the firm’s Senior Leadership team.

Robert joined the firm in 2009 when the firm acquired the assets of Mariner Municipal Managers LLC, where he was President and Co-Founder. Previously, he was a Managing Director and Co-Head of the Municipal Portfolio Management Group at BlackRock and Senior Portfolio Manager and Managing Director of the Municipal Product Group at Merrill Lynch Investment Managers. He has worked in the financial services industry since 1989.

Robert earned a B.S. in Finance from the University of Connecticut and an M.B.A. from the Rutgers University Business School.

Affiliations

Chartered Financial Analyst (CFA)

   

Products Managed

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The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance (this does not include the effects of sales charges, loads, and redemption fees). The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.


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