Clients
Ellington Management Group serves 33 clients, 25 of them pooled investment vehicles. The average client has about $629 million with the firm.
- Pooled investment vehicles25 clients53%
- State or municipal government entities1 clients4%
- Other investment advisers6 clients13%
- Sovereign wealth funds and foreign official institutions1 clients31%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 25 | $10,900,330,676 | 52.5% | $436.0M |
| State or municipal government entities | 1 | $786,851,069 | 3.8% | $786.9M |
| Other investment advisers | 6 | $2,681,523,397 | 12.9% | $446.9M |
| Sovereign wealth funds and foreign official institutions | 1 | $6,388,299,489 | 30.8% | $6.39B |
| Total | 33 | $20,757,004,631 | 100% | $629.0M |
- Clients
- 25
- Regulatory AUM
- $10,900,330,676
- Share
- 52.5%
- Avg. per client
- $436.0M
- Clients
- 1
- Regulatory AUM
- $786,851,069
- Share
- 3.8%
- Avg. per client
- $786.9M
- Clients
- 6
- Regulatory AUM
- $2,681,523,397
- Share
- 12.9%
- Avg. per client
- $446.9M
- Clients
- 1
- Regulatory AUM
- $6,388,299,489
- Share
- 30.8%
- Avg. per client
- $6.39B
Total
- Clients
- 33
- Regulatory AUM
- $20,757,004,631
- Share
- 100%
- Avg. per client
- $629.0M
What it does
Ellington Management Group provides portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Ellington Management Group advises 29 private funds.
87.1% of assets ($18.08B across 27 accounts) are managed with discretion; $2.68B across 6 accounts are not. 73% of clients are outside the U.S., and 6 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 102%. The values below are shown as filed.
- U.S. government/agency bonds
- 1%
- Investment grade corporate bonds
- 1%
- Non-investment grade corporate bonds
- 1%
- Derivatives
- 1%
- Cash and cash equivalents
- 2%
- Other ("other" Includes Amounts Intended to Reflect Receivables, If Any, and, If Present, Investments in Non-Agency and Agency Collateralized Mortgage Obligations (cmos), Collateralized Loan Obligations (clos), Collateralized Debt Obligations (cdos), Agency Mortgage Pools, Residential and Commercial Mortgage Loans, Corporate Loans, Consumer Loans, and Other Mortgage-Related Investments.)
- 96%
Custodians
Ellington Management Group’s client accounts are held mainly at The Bank of New York Mellon, with 12% of managed assets. Ellington Management Group has custody of client assets.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $2.50B12%
- All other custodians$18.26B88%
Ownership and leadership
Emg Holdings, L.P. owns 75% or more of Ellington Management Group, and Michael Vranos is its CEO.
- Owns 75% or more of Ellington Management Group, L.L.C.
Emg Holdings, L.P.
Control person · since January 2007
VC Investments, L.L.C.
General partner · Control person · since January 2007
- Owns 75% or more of VC Investments, L.L.C.
Michael Vranos
Control person · since August 1995
Leadership
- Michael VranosChief Executive Officer
- Patrick MaloneyChief Compliance Officer
- John GeanakoplosManaging Director
- Daniel MargolisGeneral Counsel
- Laurence PennVice Chairman and COO
- Mark TecotzkyVice Chairman
- Andrew VranosManaging Director
Staff
- 164 employees
- 68 in advisory functions
- 8 broker-dealer reps
- 3 soliciting firms
Fees
Ellington Management Group is paid through a percentage of assets under management and performance-based fees.
Ellington Management Group’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Ellington Management Group has 2 offices, with 2 listed addresses across 2 states.
Connecticut · 1 listed address
- 53 Forest Avenue, 3rd Floor, Old GreenwichHQ
New York · 1 listed address
- 711 Third Ave., New York
Registration details
- Legal name
- Ellington Management Group, L.L.C.
- Headquarters
- 53 Forest Avenue, 3rd Floor, Old Greenwich, CT 06870
- Phone
- 203-698-1200
- Website
- www.ellington.com
- SEC file
- 801-56399
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Ellington Management Group have?
Ellington Management Group has 33 clients and manages $20.8 billion for them, as of August 2026. They include 25 pooled investment vehicles, 6 other investment advisers and 1 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 14 August 2026
What services does Ellington Management Group offer?
Ellington Management Group provides portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ellington Management Group use?
Ellington Management Group’s separately managed account assets are held at The Bank of New York Mellon (New York, NY), with $2,495,255,750. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 August 2026
How many financial advisors does Ellington Management Group have?
Ellington Management Group has 0 investment adviser representatives registered with state securities authorities, out of 164 employees, and 68 perform investment advisory functions. 8 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Ellington Management Group invest in?
At the end of its last fiscal year, Ellington Management Group’s separately managed accounts held 96% "other" includes amounts intended to reflect receivables, if any, and, if present, investments in non-agency and agency collateralized mortgage obligations (cmos), collateralized loan obligations (clos), collateralized debt obligations (cdos), agency mortgage pools, residential and commercial mortgage loans, corporate loans, consumer loans, and other mortgage-related investments., 2% cash and equivalents, 1% U.S. government and agency bonds, 1% investment grade corporate bonds, 1% high-yield corporate bonds and 1% derivatives. It advises 29 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ellington Management Group?
Ellington Management Group is owned through a chain of holding companies by Michael Vranos. Its direct owner is Emg Holdings, L.P. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 14 August 2026
How does Ellington Management Group get paid?
Ellington Management Group is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file