[2] The firm was co-founded in 1994 by Mike Vranos and Laurence Penn with funding from Ziff brothers investments.

[8] It clarified that although it was meeting margin calls by unloading hundreds of millions of dollars in assets over a two-day period, losses were limited.

[9] One report suggests some of Ellington's hedge funds may have temporarily lost around 25% of their value as they liquidated $2 billion in assets[10] after allegedly missing a margin call from UBS.

[15] In October 2007, as the future credit performance of residential mortgages became increasingly uncertain, one of the funds is reported to have fallen in value by 22%[16] and to have temporarily suspended redemptions pending greater clarity around valuations.

[20] Ellington Residential Mortgage REIT, chaired and founded by Mike Vranos, went public on the NYSE after its IPO in late 2013, trading under the ticker symbol EARN.