investor@ellington.com Careers Contact Who We Are Our Approach Insights & News Investor Login Our Philosophy Our ApproachPhilosophy Opportunity in knowledge- and resource-intensive strategies Ellington believes attractive, uncorrelated risk-adjusted returns can be achieved through the integration of an expert team and robust analytic / trading technologies Evaluate and trade complex securities utilizing proprietary data, models and research Scale large quantities of smaller, off-the-run opportunities where the investment team has a sourcing, analytical, or trading advantage Focus on pure alpha generation and capital preservation through opportunistic portfolio construction and a well-defined risk management approach Strategies are often overlooked, undervalued and misunderstood by other investors Restrictive regulations have left banks and primary dealers lacking the necessary capital needed to provide liquidity to the market Consolidation of asset managers has resulted in a broad inability to focus on smaller, more research-intensive opportunities Smaller asset managers lack sufficient resources to appropriately source or evaluate these highly complex assets Risk Managment Ellington Management Group is an investment and advisory firm dedicated to generating attractive risk-adjusted returns for our investors. investor@ellington.com Navigation The Firm History Leadership Community Impact Public Vehicles Investment Strategies Risk Management Philosophy Resources Investor Login Insights & News Careers EU Privacy Contact Us © 2021 Ellington Management Group. All rights reserved.

investor@ellington.com Careers Contact Who We Are Our Approach Insights & News Investor Login Contact Us Investor Inquiries +1 203 698 1200 investor@ellington.com Career Inquiries +1 203 698 1200 careers@ellington.com or view our current openings here. Press & Media Relations Amanda Shpiner | Gasthalter & Co. ‍ +1 212 257-4170 ellington@gasthalter.com Offices New York ‍711 Third Avenue New York, NY 10017 Connecticut 53 Forest Avenue Old Greenwich, CT 06870 USA London ‍London, England EC2V 8AU Tel: +44 (0)203 713 1816 London Office RTS 28 report Ellington Management Group is an investment and advisory firm dedicated to generating attractive risk-adjusted returns for our investors. investor@ellington.com Navigation The Firm History Leadership Community Impact Public Vehicles Investment Strategies Risk Management Philosophy Resources Investor Login Insights & News Careers EU Privacy Contact Us © 2021 Ellington Management Group. All rights reserved.