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EJF Capital Is the Latest Hedge Fund To Launch a SPAC

Emanuel Friedman’s firm is one of a relatively small number of hedge funds to do so.

EJF Capital, a $9 billion asset manager that invests primarily in financial institutions, is the latest hedge fund firm to sponsor a blank check company.EJF Acquisition Corp. filed plans on Tuesday to raise at least $250 million for a special purpose acquisition company, according to its S-1 filing. The sponsor

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