Monday, 30 November 2015
Last updated 26 min ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…