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.
Mr. Friedman currently serves on the Board of Directors for Dogwood State Bank based in Raleigh, North Carolina since May 2019. He served on the Board of Directors of Silvergate Bank in San Diego, CA from February 2019 to January 2020, and served on the Board of Directors of Denver, CO-based TIG Bancorp from December 2017 until October 2019. 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 until 2015. Mr. Friedman served on the Board of Directors of Guaranty Savings Bank in Metairie, Louisiana from 2008 to 2009, and Access National Bank (ANCX) in Reston, VA from 2009 to 2019.
Mr. Friedman brings over 30 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 in Finance.
Co-Founder, Managing Partner and CCO
Mr. Jose founded FJ Capital Management in 2007 and, as managing partner, is responsible for the day-to-day operations, marketing and business development. Mr. Jose helps the firm create and grow alternative investment vehicles, including its flagship Financial Opportunity Fund, an event-driven strategy focused on the U.S. community and regional bank sector; the Financial Opportunity Long/Short Fund, a lower net, broader financial services fund with lower market volatility and beta; and separately managed accounts. Mr. Jose also serves as Chief Compliance Officer and is responsible for all compliance matters.
He previously served on the Board of Directors of Davie, FL-based Regent Bancorp, where he served on the compensation committee. Mr. Jose brings more than 21 years of financial services industry experience in and around the asset management and investment banking industries.
Previously, Mr. Jose was senior vice president of institutional sales at Friedman, Billings, Ramsey Group, a research and securities trading firm, from 1999 to 2007. Prior to this, Mr. Jose spent seven years as a trade publication editor and managing editor at Phillips Business Information. Mr. Jose received a Bachelor of Science in Marketing from the University of Maryland in 1992 and served in the U.S. Army from 1985 to 1988.
Chief Operating Officer and Chief Financial Officer
Mr. Kashdin is the Chief Operating Officer and Chief Financial Officer of FJ Capital Management LLC and their affiliated investment funds. Mr. Kashdin is tasked with overseeing the firms operational and financial infrastructure. A seasoned alternative asset management executive with over 21 years of experience, Mr. Kashdin brings a wealth of financial service industry specific expertise to the FJ Capital team.
Prior to joining FJ Capital in December of 2013, Mr. Kashdin served as the Chief Financial Officer of Hovde Capital Advisors LLC and Hovde Private Equity Advisors, LLC an asset management and private equity firm focused exclusively on the financial services sector. As part of the executive committee and management team, Mr. Kashdin was instrumental in structuring and building alternative asset management business to over $1.2 billion in assets under management. Prior to 2009, Mr. Kashdin also held the Chief Financial Officer position at Hovde Financial, Inc, a leading U.S financial advisory group that provides a full-service suite of investment banking, capital markets, and financial advisory services focused exclusively on the banking and thrift industry.
Mr. Kashdin received his Bachelor of Science degree in Business Administration with a concentration in Accounting from the University of Delaware. He is a member of the American Institute of Certified Public Accountants and the Greater Washington Society of Certified Public Accountants.
Assistant Portfolio Manager & Head of Macro Research
Mr. Altscher joined FJ Capital Management in 2016. His responsibilities include investment research and portfolio management, with a primary focus in non-bank financials and real estate. He currently is a member of the Board of Directors for Grasshopper Bancorp - based in New York, NY.
Prior to joining FJ Capital Management, Mr. Altscher was a Senior Research Analyst, Senior Vice President at publicly traded FBR & Co. (NASDAQ: FBRC) in equity research, covering a variety of REITs including residential and commercial mortgage REITs, net lease REITs, healthcare REITs, and farmland REITs. Mr. Altscher was also previously an Assistant Vice President at FBR & Co. in equity research, covering both life and property/casualty insurance companies. Prior to this, Mr. Altscher was an Investment Analyst at Hovde Capital Advisors, a long/short investment manager focused on financial services and real estate. Prior to this, Mr. Altscher was a Corporate Banking Analyst at publicly traded Citigroup (NYSE: C). Mr. Altscher has an MBA from Indiana University’s Kelley School of Business. He also has a BS from New York University’s Leonard N. Stern School of Business with a dual major in Finance and International Business, and a minor in History.
Assistant Portfolio Manager
Mr. Cottrell joined FJ Capital Management in 2008 as a Senior Research Analyst and was promoted to Managing Director in 2011. His responsibilities include investment research and portfolio management. Mr. Cottrell is a former director of Northern States Financial Corporation (NSFC) in Waukegan, Illinois and a former director of Floridian Community Bank, Inc. (Private) in Davie, Florida. He has over 20 years of experience in the financial services industry.
Previously, he spent five years at Friedman, Billings Ramsey Group, mostly as an equity research analyst specializing in community banks and thrifts. Prior to this, Mr. Cottrell served two years as a financial analyst for the CFO of Wells Fargo student loan pioneer, Servus Financial Corporation. He began his career as a commercial credit analyst at National City Bank. Mr. Cottrell has an MBA from Georgetown University and BS in finance and accounting at Bowling Green State University in Ohio. He is a Certified Public Accountant.
Assistant Portfolio Manager
Mr. Ferber joined FJ Capital Management in 2013 and serves as Assistant Portfolio Manager for the Financial Opportunity Fund. His responsibilities include investment research and portfolio management. He currently is a member of the Board of Directors for Fort Walton Beach, FL-based Beach Community Bank.
He served as a member of the Board of Directors for McHenry, IL-based McHenry Bancorp, Inc from 2018 to 2020. He was also a member of the Board of Directors of Ottawa, IL-based Centrue Financial Corporation (NASDAQ: CFCB), which sold to Midland States Bancorp, Inc. (NASDAQ: MSBI) in 2017. In addition, he was a Director of Bank of the Carolinas Corporation (OTC: BCAR), which sold to Bank of the Ozarks, Inc. (NASDAQ: OZRK) in 2015.
Prior to joining FJ Capital Management, Mr. Ferber worked in Equity Research at Stifel, Nicolaus & Company covering Mid-Atlantic and Southeastern community banks. Prior to Stifel, he served as a Senior Research Analyst in the Financial Institutions Group at SNL Financial, where he specialized in mergers and acquisitions in the banking sector. Mr. Ferber has a BA in Economics from the University of Virginia.
Mr. Fialkoff joined FJ Capital Management in 2015. His responsibilities include managing the trading and trade operational functions for the firm while actively participating in the portfolio management process. Mr. Fialkoff is a seasoned trader with more than 22 years of capital markets experience on both the buy-side and sell-side with specific expertise in the financial sector.
Previously, he was a Partner and Managing Director at FBR Capital Markets, where he served as a trader specializing in the financial sector. In his various roles at FBR, Mr. Fialkoff was responsible for the trading and analysis of trading investment opportunities with an emphasis on community banks, thrifts, mutual holding companies, and specialty finance. In addition to trading and analysis, he was active in risk management, compliance, and client portfolio construction.
Mr. Fialkoff has a BS in Biology from Bucknell University in Pennsylvania.
Director of Research & Financial Manager
Mr. Huang joined FJ Capital Management in 2012. He is responsible for investment research and portfolio management. Mr. Huang has seven years of experience in the investment management industry. He served as a Board Observer of San Diego, CA - based Silvergate Bank from February 2019 to January 2020 and previously served as a Board Observer of Denver, CO - based TIG Bancorp from December 2017 through October 2019. Mr. Huang has a MS in Finance from George Washington University and a BBA in Finance from the University of Macau.
Mr. Siok joined FJ Capital in 2019. Mr. Siok will help round out coverage of the Financial Opportunity Long/Short Fund; his responsibilities included idea generation, research and portfolio construction.
Previously, he served as a Long/Short financial sector analyst with Ascend Capital in San Francisco, covering several subsectors, including banks, fintech, REITs, asset managers, exchanges, payments, consumer finance, insurance and specialty finance. He worked as an equity fund associate with Blackrock Alternative Advisors in Seattle, where he analyzed external hedge funds and decomposed portfolios using risk models. He also worked for the multi-asset team at Russell Investments while completing school at the University of Washington. At the University of Washington, Collin graduated summa cum laude with honors in Business Administration and a concentration in Finance. He has also completed all three levels of the CFA.
Serena Jin Wang
Ms. Wang joined FJ Capital Management in 2017. She is responsible for investment research and assisting the Funds' Assistant Portfolio Managers. She manages the interview process and assists in recruiting for the one year Internship program.
Ms. Wang has six years of experience in the financial service industry. Previously, Ms. Wang served three years for Deloitte as a Senior Auditor and two years for Hejun Consulting Group in China as a Management Consulting Consultant. She also worked in an Investment Bank in Hong Kong as an analyst. Ms. Wang has a MS in Finance from George Washington University.
Director of Investor Relations
Ms. Burk joined FJ Capital in 2019 as the Director of Investor Relations. She brings more than 15 years of institutional marketing, sales, and trading experience in the financial services industry.
Prior to joining FJ Capital, Ms. Burk was a Partner at Compass Point Research & Trading, LLC, where she served as a sales trader and trader for more than 10 years. Before that, she was Director of Media Relations at Friedman, Billings, Ramsey. Ms. Burk received her MS from the S.I. Newhouse School of Public Communications at Syracuse University and her Bachelor of Arts from Franklin & Marshall College.
Mr. Dalton joined FJ Capital Management as a Senior Accountant in February 2020 and will focus on accounting, compliance and operational responsibilities related to FJ Capital Management’s business, Private Funds, and managed accounts.
Prior to joining FJ Capital Management, Mr. Dalton spent four years in public accounting where he performed various audit, accounting, and tax assignments at Han Group LLC. Mr. Dalton graduated from Virginia Polytechnical Institute and State University in December 2015 with a Bachelor of Science in Accounting.
Ms. Jarman joined FJ Capital Management in 2015. She is responsible for supporting Mr. Friedman by coordinating and scheduling his daily calendar, travel arrangements, important meetings, directing important phone calls, providing daily reports and assisting the investment team when needed. In addition, she provides support to the operations team on any pending projects.
Prior to FJ Capital, Ms. Jarman had eight years of experience working as an administrative assistant with Nephrology Associates and Orion Networking Solutions.
Executive Assistant/Office Manager
Investor Services and Compliance Manager
Ms. Nadzam joined FJ Capital Management in 2012, with over 20 years of experience in administration and communications. Ms. Nadzam ensures the office operations run smooth daily and is the liaison for Investor Relations. She supports the executive team with business travel, calendar scheduling, among other administrative actions to include assisting the Compliance Officer with SEC filings, FINRA, and other compliance matters.
Prior to FJ Capital Management, Ms. Nadzam worked for MorganFranklin Consulting, LLC as an Executive Assistant and Business Development Associate. Ms. Nadzam served in the United States Army for over 10 years, of which more than 7 years were with The White House Communications Agency and abroad. She specialized in Telecommunications and Communications Security (COMSEC). She received a Bachelor of Science degree in Business Management from National-Louis University.