Ellington Management Group, L.L.C.
- Regulatory AUM
- $20.8B
- Discretionary
- $18.1B
- Clients
- 33
- Avg AUM / client
- $629M
- Accounts
- 33
- Employees
- 164
AUM over time
Annual snapshots from Form ADV filings · as of Jun 02, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 25 | $10.9B | 52.5% |
| State or municipal government entities | 1 | $787M | 3.79% |
| Other investment advisers | 6 | $2.7B | 12.9% |
| Sovereign wealth funds and foreign official institutions | 1 | $6.4B | 30.8% |
Private funds (32)
View all →Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $9.2B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Gwn Ellington Fund Ltd. | Hedge Fund | Cayman Islands | $2.3B | 1 |
| Crescent Ii Fund, L.P. | Hedge Fund | Delaware | $1.1B | 5 |
| Ellington Empire Fund Llc | Hedge Fund | Delaware | $1.1B | 2 |
| Ellington Credit Opportunities, Ltd. master | Hedge Fund | Cayman Islands | $628M | 27 |
| Ellington Mortgage Opportunities Master Fund, Ltd. master | Hedge Fund | Cayman Islands | $573M | 23 |
| Ellington Strategic Mortgage Institutional Fund, L.P. | Hedge Fund | Delaware | $435M | 11 |
| Ellington Private Opportunities Main Master Fund Iii Lp master | Hedge Fund | Cayman Islands | $296M | 249 |
| Ellington Clo Iii, Ltd. | Securitized Asset Fund | Cayman Islands | $271M | 5 |
| Ellington Special Relative Value Fund Llc | Hedge Fund | Delaware | $265M | 2 |
| Ellington Strategic Mortgage Fund, L.P. | Hedge Fund | Delaware | $263M | 34 |
| Ellington M Credit Master Fund Ltd. master | Hedge Fund | Cayman Islands | $238M | 5 |
| Ellington Clo I, Ltd. | Securitized Asset Fund | Cayman Islands | $221M | 7 |
| Ellington Clo Iv, Ltd. | Securitized Asset Fund | Cayman Islands | $183M | 4 |
| Ellington Mortgage Recovery Non Re Master Fund Ii Lp master | Hedge Fund | Cayman Islands | $168M | 3 |
| Ellington Special Opportunities Llc master | Hedge Fund | Delaware | $163M | 3 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Geanakoplos, John, Deno | Managing Director | Aug 1995 (31y) | Less than 5% | |
| Penn, Laurence, Eric | Vice Chairman And Coo | Aug 1995 (31y) | Less than 5% | |
| Vranos, Michael, William | Managing Member | Aug 1995 (31y) | ≈ 0% – 5% via Vc Investments, L.L.C. | |
| Tecotzky, Mark, Ira | Vice Chairman | Jan 2008 (19y) | Less than 5% | |
| Vranos, Andrew | Managing Director | Mar 2021 (5y) | Less than 5% | |
| Margolis, Daniel, Reuven | General Counsel | Oct 2021 (5y) | Less than 5% | |
| Maloney, Patrick, Brady | Chief Compliance Officer & Associate General Counsel | Jan 2024 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Emg Holdings, L.P. | Member | Jan 2007 | A | 75% or more |
| Vc Investments, L.L.C. | Managing Member | Aug 1995 | A | Less than 5% |
| Vc Investments, L.L.C. | General Partner | Jan 2007 | B | GP / trustee / elected manager of Emg Holdings, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Vranos, Michael, William: 75% – 100% of Vc Investments, L.L.C. × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (32, $9.2B gross assets)
Top 25 of 32 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/02/2026 | 8.01 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $2.5B (12% of AUM) Jun 2026
- Ssc $672M (5% of AUM) Nov 2025
- U.S. Bank $600M (6% of AUM) Aug 2024
- State Street $558M (5% of AUM) Jan 2024
- Credit Suisse Securities (Usa) Llc $143M (1% of AUM) Feb 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 02, 2026.
View current Form ADV (SEC/IAPD) ↗