Ellington Financial: On The Mend

Summary

  • The challenging market conditions of the first half of 2022 intensified in August and September.
  • The portfolio has income from several sources, including CLOs, CMBS, and non-Agency RMBS strategies.
  • Adjusted distributable earnings increased sequentially as they continued to rotate the portfolio into higher reinvestment yields.
  • Sizable discount-to-book.
  • Looking for a helping hand in the market? Members of BAD BEAT Investing get exclusive ideas and guidance to navigate any climate. Learn More »

Wall Street Bear Market Crisis

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We are a successful trading firm, but one area we got crushed in was the mortgage real estate investment trusts, or mREITs. The rising rate environment wreaked havoc on their portfolios, and the entire mortgage market is facing tremendous pressure. It just has not

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