Mr. Hovde is the Chief Executive Officer of Hovde Capital Advisors LLC, the investment manager to the Financial Institution Partners hedge funds, a series of long/short hedge funds with a focus exclusively on the financial services sector. As Portfolio Manager for each of the Financial Institution Partners funds, Mr. Hovde is responsible for the investment strategy and day-to-day oversight of the portfolio investments managed by Hovde Capital Advisors. In this capacity, Mr. Hovde provides the investment team with strategic direction and guidance in their investment decisions. Further, Mr. Hovde evaluates each investment opportunity considered by Hovde Capital Advisors.
As Chief Investment Officer of Hovde Private Equity Advisors LLC, Mr. Hovde, along with the portfolio manager, directs the company’s investment process and provides oversight to portfolio companies for the firm’s private equity fund, Financial Services Partners Fund I. Prior to the formation of the private equity fund, Mr. Hovde led the firm’s affiliated merchant banking activities, using the firm’s proprietary capital to acquire numerous controlling interests in banks, thrifts and other nonbank financial services companies. Mr. Hovde has also served as a director on numerous bank and thrift boards and currently serves as the Chairman of Sunwest Bank in Orange County, California.
As Chairman and a founder of Hovde Financial, Mr. Hovde established this business and developed it into a top tier investment bank in the bank and thrift industry. Although he is now focused on the asset management and private equity entities, in the past, Mr. Hovde was directly involved in the negotiation, structuring and consummation of countless private sector mergers and acquisitions, including numerous acquisitions from either the RTC or FDIC on behalf of Hovde Financial's clients. Prior to forming Hovde Financial in 1987, Mr. Hovde was involved in mergers and acquisitions on behalf of a regional investment banking firm that specialized in mutual thrift conversions and mergers and acquisitions.
Charity is a strong principle within the Hovde organization. Mr. Hovde, along with his brother, Steven, created and funded the Hovde Foundation, an organization that actively supports two central missions - clinical research in search of a cure for Multiple Sclerosis and charitable relief in devastated areas around the world. Mr. Hovde has actively participated in and funded relief work programs in areas such as Kosovo, Bolivia, Uganda, Lesotho and Appalachia through a partnership with World Vision, a world-wide humanitarian organization. Further, he recently financed and oversaw the construction of the Hovde House - a home for street children in Mexico City, a location severely affected by child homelessness.
Mr. Hovde earned his degrees in Economics and International Relations at the University of Wisconsin. He is licensed with the Financial Industry Regulatory Authority as a registered representative and general securities principal. He is married and has two children.
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