Michael Vranos: Ellington Management Group

In 1994, Vranos jumped on the opportunity that had been created by a bear market and thus left Kidder Peabody to launch Ellington Management Group. Even though there was the 1998 long-term capital management debacle, Vranos’ hedge fund survived and the firm in 2004 had managed to deliver a composite annualized return of 15.4%, after fees. Ellington continues to market a variety of investment offerings. The firm “seek[s] to capture upside in good markets and control downside in difficult markets, thereby delivering attractive returns to investors over time, without taking excessive risk.” The firm focuses on: diversified credit, mortgage, and related markets.