Richard Erickson - FAM Lead Independent Trustee

Richard Erickson is Portfolio Manager at FAM
Dr. Richard E. Erickson, M.D., is Independent Trustee of First TrustAberdeen Global Opportunity Income Fund. He is an orthopedic surgeon and President of Wheaton Orthopedics. He also was a coowner and director of a fitness center and a limited partner of two real estate companies. Dr. Erickson has served as a Trustee of each Fund since its inception and of the First Trust Funds since 1999. Dr. Erickson has also served as the Lead Independent Trustee, Chairman of the Nominating and Governance Committee and Chairman of the Valuation Committee of the First Trust Funds. He currently serves as Chairman of the Audit Committee of the First Trust Funds.
Age 69
Tenure 6 years
Phone630-765-8000
Webhttps://www.ftportfolios.com/Retail/cef/CEFsummary.aspx?Ticker=FAM

Richard Erickson Latest Insider Activity

Tracking and analyzing the buying and selling activities of Richard Erickson against FAM etf is an integral part of due diligence when investing in FAM. Richard Erickson insider activity provides valuable insight into whether FAM is net buyers or sellers over its current business cycle. Note, FAM insiders must abide by specific rules, including filing SEC forms every time they buy or sell FAM'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

FAM Management Efficiency

The company has Return on Asset of 2.41 % which means that on every $100 spent on assets, it made $2.41 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (34.62) %, meaning that it generated no profit with money invested by stockholders. FAM's management efficiency ratios could be used to measure how well FAM manages its routine affairs as well as how well it operates its assets and liabilities.
FAM has 31.8 M in debt with debt to equity (D/E) ratio of 0.47, which is OK given its current industry classification. FAM has a current ratio of 0.14, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist FAM until it has trouble settling it off, either with new capital or with free cash flow. So, FAM'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 FAM sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for FAM to invest in growth at high rates of return. When we think about FAM's use of debt, we should always consider it together with cash and equity.

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First TrustAbrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. First TrustAberdeen is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. FAM [FAM] is traded in USA and was established 2004-11-23.

Management Performance

FAM Money Managers

James Bowen, Chairman of the Board of Trustee, Chief Executive Officer
Richard Erickson, Lead Independent Trustee
Niel Nielson, Lead Independent Trustee
Robert Keith, Lead Independent Trustee
James Dykas, Chief Financial Officer, Chief Accounting Officer, Treasurer
Denise Keefe, Trustee
Kristi Maher, Chief Compliance Officer and Assistant Secretary
Daniel Lindquist, Vice President
Donald Swade, Chief Financial Officer, Chief Accounting Officer, Treasurer
Thomas Kadlec, Independent Trustee
W Jardine, Secretary, Chief Legal Officer

FAM Etf Performance Indicators

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When running FAM's price analysis, check to measure FAM's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FAM is operating at the current time. Most of FAM's value examination focuses on studying past and present price action to predict the probability of FAM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FAM's price. Additionally, you may evaluate how the addition of FAM to your portfolios can decrease your overall portfolio volatility.
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