Eric Billings

Eric Billings joined the firm in January of 2009 as the Senior Managing Partner and Co-Portfolio Manager. His responsibilities include portfolio management, fundamental analysis, and risk management. As the Senior Managing Partner on the Investment Committee he holds the sole veto authority on all investment decisions. Mr. Billings concurrently holds the position of Chairman and CEO of Arlington Asset Investment Corporation (AI), a publicly traded investment company he founded in 1997. Arlington Asset primarily focuses on the non-agency mortgage backed securities market. Prior to joining Billings Capital Management (BCM), Mr. Billings held the position of CEO of FBR Capital Markets Corporation (FBCM), a publicly traded investment banking firm which he cofounded and managed from 1989 to December of 2008, he remains Chairman of the Board of Directors. While CEO of FBCM, Mr. Billings founded and sole managed FBR Weston, LP, a long/short equity hedge fund from January of 1993 – September of 2005. Mr. began his 30 year investment career at Legg Mason, Inc. as an investment analyst and salesperson in the Institutional Brokerage division. In 1983 he joined Johnston Lemon Corporation where he built and managed their Washington, D.C. institutional brokerage group until 1989 when he co-founded Friedman, Billings, Ramsey & Co. Mr. Billings serves on the Board of Visitors and the Center for Financial Policy Advisory Board at the University of Maryland’s Robert H. Smith School of Business. He also sits on the Leadership Council of the Boys & Girls Club of Greater Washington. Mr. Billings received his BS in Finance and Economics from the University of Maryland in 1976.