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Ellington Financial (EFC +1.5%) gains as Thomas Lott points it out as a cheaper,...

Ellington Financial (EFC +1.5%) gains as Thomas Lott points it out as a cheaper, better-performing alternative to many of its peers in the mREIT industry. The company is actually a partnership - a good thing, writes Lott, as it allows management investment flexibility not available to REITs. The CIO is former Kidder mortgage trader Mike Vranos, who recently picked up more shares, and now owns 12% of the company.
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