|Michael W. Vranos|
Co-Chief Investment Officer
Mr. Vranos has been our Co-Chief Investment Officer since June 2009. From our inception in 2007 until October 2009, Mr. Vranos served as our Chairman and is also the Chief Executive Officer and President of our Manager. Mr. Vranos is also the founder and Chief Executive Officer of Ellington Management Group, which he founded in December of 1994 to capitalize on distressed conditions in the MBS derivatives market. Until December 1994, he was the Senior Managing Director of Kidder Peabody, in charge of RMBS trading. Mr. Vranos graduated magna cum laude Phi Beta Kappa with a B.A. in Mathematics from Harvard University.