Quantifi, a provider of risk, analytics and trading solutions, today announced that Ellington Management Group, an investment and advisory firm based in Old Greenwich, CT, has selected Quantifi to enhance its risk management and reporting functions for its growing credit business. Ellington’s core competencies include deep expertise in diversified credit, mortgage, and related markets, and time-honed experience developing quantitative macro and equities strategies.
The global economy is experiencing one of the longest periods of expansion on record, and credit remains one of the more appealing sources of income in financial markets. With Ellington’s focus on credit, the firm was looking for widely recognised risk analysis solutions to use alongside its proprietary models to support its existing portfolio and take advantage of new opportunities. Ellington required a technologically advanced solution with the capacity to handle a broad range of instruments and provide detailed reporting, all while interfacing with Ellington’s existing portfolio analytics.
“Since Quantifi is used by such a wide range of market participants, we saw significant value in seeing the same standardized model results as the firms we trade with. We believe that Quantifi will allow us to continue rapidly developing our credit business as we seek new opportunities in this space”
Laurence Penn, Vice Chairman and COO, Ellington Management Group
“Since Quantifi is used by such a wide range of market participants, we saw significant value in seeing the same standardized model results as the firms we trade with. On top of that, Quantifi comes with great Excel add-ins and APIs that allow us to quickly prototype new analytics and integrate with our proprietary models. We can also leverage on Quantifi’s existing reporting capabilities and user interfaces, which saves us time and money, and allows us to focus our software development efforts on what makes our strategies unique,” comments Laurence Penn, Vice Chairman and COO, Ellington Management Group. “We believe that Quantifi will allow us to continue rapidly developing our credit business as we seek new opportunities in this space,” continues Laurence.
For investment managers, Quantifi delivers cross-asset trading, front-to-back operations, position management, market, credit, and liquidity risk management, and regulatory reporting all on an integrated platform. As well as supporting the key regulatory requirements, Quantifi applies the latest technology innovations to provide new levels of usability, flexibility, and ease of integration. This translates into dramatically lower time to market, lower total cost of ownership, and significant improvements in operational efficiency.
“We are pleased to be working with Ellington Management Group to help them address their risk management requirements. With a proven track record of delivering the most sophisticated models with advanced functionality, Ellington Management Group is just one of several new funds using Quantifi,” comments Robert Goldstein, Director, Client Services, North America. “With financial markets becoming more complex, investment managers are demanding a more robust and flexible infrastructure for investment operations. Our integrated cross-asset platform helps clients enhance performance, strengthen risk and improve operational control,” continues Robert.
About Ellington Management Group
Ellington Management Group is an investment and advisory firm dedicated to generating attractive, risk-adjusted total returns for our investors. Ellington manages portfolios of Agency and non-Agency residential mortgage-backed securities and opportunistically invests in other target assets, such as commercial mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives and other asset-backed securities. In addition, Ellington utilizes systematic strategies to invest in equities and futures markets. Ellington was founded in 1994 by Michael Vranos and is based in Old Greenwich, Connecticut.
For further information, please visit www.ellington.com
