Mr. Friedman founded FJ Capital Management LLC in 2007 and is the portfolio manager for the flagship Financial Opportunity Fund; an event-driven strategy focused on the U.S. community and regional bank sector. Mr. Friedman established the Financial Opportunity Fund and has successfully navigated the fund, creating substantial alpha since inception. He also created in the Spring of 2015, the Financial Opportunity Long/Short Fund, a lower net, broader financial services fund with lower market volatility and beta.
He is currently a member of the Board of Directors of Reston, VA-based commercial bank Access National (ANCX) since 2009, and Denver, CO-based TIG Bancorp since December 2017. February 2018, Mr. Friedman was appointed Board observer for Silvergate Bank in San Diego, CA. In 2013, as part of the recapitalization of Anchor Bank, Madison Wisconsin; Mr. Friedman was elected to the Board of Directors where he served on the Board of the bank holding company and compensation committee. Mr. Friedman served on the Board of Directors of Guaranty Savings Bank in Metairie, Louisiana from 2008 to 2009. Mr. Friedman brings over 28 years of experience in and around the commercial and investment banking industries, in which he applied and developed skills in financial analysis with an expertise in financial institutions, corporate finance, SEC and banking compliance and management.
He was previously Director of Research for Friedman, Billings, Ramsey Group, a research and securities trading firm, from 1998 to 2007. Prior to that, he was a securities analyst, focusing on the financial services industry with the same firm from 1992 to 1998. Mr. Friedman graduated from the University of Maryland with a Bachelor of Science degree in Finance.