Ellington Lists Hedge Fund After Share Sale

Oct 8 2010 | 11:42am ET

Ellington Management listed its subprime mortgage hedge fund on the New York Stock Exchange this morning after selling $101 million worth of shares.

The oft-delayed initial public offering priced at $22.50 each, within the $22 to $24 range. The proceeds will be used to provide permanent capital to the now-$350 million fund.

Ellington Financial has also granted the underwriters, Deutsche Bank and Cantor Fitzgerald, an over-allotment of 675,000 shares.

The fund trades under the ticker symbol EFC, and dipped 51 cents after its debut.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR