Ellington leads the fightback

Wed Oct 1, 2003



Reeling from massive sell-offs in July, fixed-income markets stabilized in August. That trend, combined with renewed liquidity in fixed-income markets, provided fertile ground for hedge fund managers to retrench and even post some sizable gains.

Added liquidity and tightening spreads helped across the board for fixed-income strategies, including the mortgage-backed arena. This enabled funds like Ellington Mortgage Partners gain a hearty 4.8% in August,...

ISSN: 2151-1845 / CDC10004H

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