David Ellison, portfolio manager for two mutual funds advised by Friedman Billings Ramsey & Co., is putting cash to work in the banking industry. Ellison is profiled by Bloomberg Businessweek
. He runs the $287 million FBR Small Cap Financial Fund and the $46 million FBR Large Cap Financial Fund.
"We're in the process of going from ugly to OK in banking. If you ride the right horses, you will do all right," he told the news service.
The article also references Ellison's start at Fidelity Investments, where he worked as an analyst under Peter Lynch.
Sean Hanna, Editor in Chief
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