North Jersey – A group of Washington, D.C.-area hedge funds has acquired a stake in ConnectOne Bancorp in Englewood Cliffs, which is poised to more than double in size through a proposed merger with a Union County rival.
According to a recent regulatory filing, Emanuel J. “Manny” Friedman and the Arlington, Va.-based hedge fund management company he founded, EJF Capital LLC, have along with two related entities acquired a combined 243,069 shares, representing 4.8 percent of ConnectOne, which has a market capitalization of more than $230 million.
