Hedge Fund - EJF Capital

EJF Capital LLC is a leading institutional alternative asset management firm with a global presence. Specializing in regulatory event-driven investments within financials and real estate sectors, EJF employs a unique strategy that integrates deep investment expertise across various layers of the capital structure. This approach, coupled with a strong focus on corporate finance, enables EJF to identify and capitalize on opportunities in complex and undervalued securities, aiming to generate innovative investment solutions.

Mr. Emanuel J. Friedman is a co-founder of EJF Capital. With a career spanning over 40 years in capital markets and asset management, Mr. Friedman has been instrumental in developing innovative investment strategies that capitalize on significant trends in the financial sector, often driven by regulatory changes. Before co-founding EJF, he served as Co-Chairman and Co-Chief Executive Officer at Friedman, Billings, Ramsey Group, Inc. ("FBR"). During his tenure at FBR, Mr. Friedman played a key role in developing property and mortgage REIT vehicles, and he led the expansion of FBR's alternative asset management platform throughout the 1990s. His contributions included the creation of hedge funds, private equity funds, and venture capital funds, establishing him as a respected figure within the CDO, hedge fund, and private equity communities. Mr. Friedman earned his BA in Education from the University of North Carolina at Chapel Hill and his JD from Georgetown University.

EJF Capital manages assets for 235 clients, totaling $6,809,997,877 in discretionary assets under management (AUM), as per their Form ADV dated March 2024. Their most recent 13F filing for Q1 2024 disclosed holdings of $143,889,235 in managed 13F securities, with a top 10 holdings concentration of 29.12%. NB Bancorp Inc. stands as EJF Capital's largest holding, with 390,617 shares held.