FJ Capital Management

Name

FJ Capital Management

Legal name

FJ Capital Management, LLC

Website

https://www.fjcapital.com/

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Mclean

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: Charges management fees on assets under management across its flagship Financial Opportunity Fund, Financial Opportunity Long/Short Fund, and Financial Hybrid Opportunity Fund.
2. Performance Fees/Carried Interest: Earns performance fees from successful fund investments, including from event-driven strategy focused on community and regional banks.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

FJ Capital Management is a fundamentally-driven, SEC-registered investment advisor that analyzes and invests in the U.S. financial services industry, with an emphasis on the consolidating community and regional banking sector. The firm manages three private pooled funds (Financial Opportunity Fund, Financial Opportunity Long/Short Fund, Financial Hybrid Opportunity Fund), a market-neutral strategy, and separately managed accounts for institutional and accredited investors.

Product overview

FJ Capital Management operates as a fundamentally-driven, SEC-registered investment advisor specializing in the U.S. financial services industry with an emphasis on the consolidating community/regional banking sector. The firm offers four core investment vehicles: the flagship Financial Opportunity Fund (launched January 2008, event-driven strategy focused on community and regional banks), the Financial Opportunity Long/Short Fund (Spring 2015, lower volatility broader financial services exposure), the Financial Hybrid Opportunity Fund (2017, micro-cap public and private financial companies), and Separately Managed Accounts for institutional investors seeking tailored strategies. The firm also manages a Market Neutral Strategy.

Differentiator

Problem solved

Functional benefit

Brands

• Financial Opportunity Fund: Flagship event-driven strategy fund focused on the U.S. community and regional bank sector
• Financial Opportunity Long/Short Fund
• Financial Hybrid Opportunity Fund

Products and services

• Financial Opportunity Fund Flagship event-driven investment fund focused on the U.S. community and regional bank sector, targeting consolidation opportunities through fundamental analysis. The fund is managed by CIO Martin Friedman and is available to accredited institutional and high-net-worth investors.
• Financial Opportunity Long/Short Fund Long/short fund offering broader financial services exposure with lower market volatility and beta than the flagship fund. Sector focus includes BDCs, Capital Markets, Homebuilders, REITs, Mortgage Related Companies, and Specialty Finance. Managed by Dan Altscher, with Vaibhav Vish joining as PM in 2021.
• Financial Hybrid Opportunity Fund Fund investing in micro-cap public and private financial companies, managed by Scott Cottrell with a focus on mid-west banks. Available to accredited institutional and high-net-worth investors seeking exposure to smaller financial institutions.
• Separately Managed Accounts Custom investment accounts managed separately from the firm's pooled funds, offering tailored investment strategies for institutional investors. Distribution occurs through direct relationships with the investor relations team.
• Market Neutral Strategy Market-neutral strategy managed alongside the Long/Short Fund, with portfolio management responsibilities held by Dan Altscher and Vaibhav Vish. Designed to provide market-neutral exposure to the firm's financial-services research themes.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Northern TrustcoreOthersNorthern Trust serves as the fund administrator for FJ Capital Management's investment funds, providing account statements and investor information through their investor portal.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Millennium Management: Millennium Management is a large multi-strategy hedge fund platform that has built dedicated sector pods including financial services. FJ Capital Portfolio Manager Vaibhav Vish was previously a portfolio manager at Millennium, and Millennium's scale in trading financial sector names creates competitive pressure for niche specialists.
• Citadel: Citadel is a large global alternatives platform with dedicated financial services investing capabilities across equities and credit. FJ Capital's Vaibhav Vish previously worked at Citadel, and Citadel's size and technology infrastructure create indirect competition for talent and institutional capital in the financial services space.
• B. Riley Financial: B. Riley Financial operates an asset management platform with significant financial services equity research and investment management capabilities. As a larger incumbent with dedicated financial sector focus, B. Riley competes for institutional capital with financial sector mandates.
• Point72 Asset Management: Point72 Asset Management is a large multi-strategy hedge fund manager with sector specialists across financial services. As a well-capitalized incumbent with institutional distribution, Point72 represents both a potential acquirer of niche talent and an indirect competitor for financial sector mandates.

Direct peers

• EJF Capital: EJF Capital is an alternative asset manager with a strong focus on financial services sector opportunities, including banks and specialty finance. FJ Capital's Senior Trader Tim Czyzewski previously worked at EJF Capital as a Managing Director, and both firms run event-driven and financial sector specialist strategies.
• Hovde Capital Advisors: Hovde Capital Advisors is a financial services sector-focused investment manager that has built AUM to over $1.2B. FJ Capital's COO/CFO Jeffrey Kashdin previously served as CFO of Hovde Capital Advisors, and both firms focus on community/regional bank investing with overlapping coverage.
• Basswood Capital Management: Basswood Capital Management is an event-driven hedge fund manager with notable financial services and bank holding company exposure. Both firms pursue financial sector consolidation and event-driven opportunities with comparable AUM scale and institutional LP focus.
• Ancora Holdings: Ancora Holdings is a registered investment advisor with significant financial services and community banking exposure across its alternative investment strategies. Both firms focus on U.S. financial services equity opportunities and serve institutional investor clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks3 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fj-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FJ Capital Management