Ellington funds rise


Returns for mortgage-backed securities strategies don't often provide knock-your-socks-off returns, but given the volatile results of many strategies this year, the back-to-back gains logged by many MBS funds make the strategy look attractive. Lifted by continued stability in credit spreads and interest rates, as well as strong real estate prices, MBS strategies have racked up another month of positive returns. In July, the strategy gained 0.63%, bringing its total up to a positive 4.58% for the year, according to research by Absolute Return. Many funds run by Ellington Management Group have done even better. Ellington Mortgage Partners gained