EJF Adds to Wave of Opportunistic Funds

EJF Capital, which saw substantial losses amid the coronavirus-related selloff in March, is raising capital for a fund that seeks to take advantage of fresh opportunities it sees in the unsettled financial market.

The vehicle, EJF Tactical Opportunities Fund, launched in April with a fundraising goal of $500 million. It has so far attracted some $50 million. The fund, which was up 6% through mid-June, invests in both debt products and equities, mainly in the financial-services sector...