Laurence Penn
Chief Executive Officer at ELLINGTON FINANCIAL INC.
Net worth: 7 M $ as of 2024-03-30
Profile
Laurence Eric Penn is currently the President, Chief Executive Officer & Director at Ellington Financial, Inc. He is also the President, Chief Executive Officer & Trustee at Ellington Residential Mortgage REIT.
Additionally, he holds the position of President, Chief Executive Officer & Director at EF Holdco, Inc. and Vice Chairman & Chief Operating Officer at Ellington Global Asset Management LLC.
Mr. Penn is the Chairman of Imo 2021, Inc. He previously worked as the Executive Vice President at Ellington Financial Management LLC and Ellington Residential Mortgage Management LLC.
Mr. Penn is also a Trustee at Ellington Income Opportunities Fund since 2018.
Prior to his current positions, he was a Managing Director at Lehman Brothers Asset Management LLC from 1984 to 1994.
Mr. Penn completed his undergraduate degree at Harvard University in 1983 and pursued graduate studies at the University of Cambridge.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
ELLINGTON FINANCIAL INC.
0.72% | 2023-02-28 | 613,694 ( 0.72% ) | 7 M $ | 2024-03-30 |
| 2023-02-28 | 35,710 ( 0.18% ) | 246 756 $ | 2024-03-30 |
Laurence Penn active positions
| Companies | Position | Start |
|---|---|---|
| ELLINGTON FINANCIAL INC. | Chief Executive Officer | 2009-07-14 |
| ELLINGTON RESIDENTIAL MORTGAGE REIT | Chief Executive Officer | 2012-09-30 |
Ellington Residential Mortgage Management LLC
 Ellington Residential Mortgage Management LLC Real Estate DevelopmentFinance Part of EMG Holdings LP, Ellington Residential Mortgage Management LLC acquires, invests and manages residential mortgage and real estate assets. The private company is based in Old Greenwich, CT. The CEO of the company is Michael William Vranos. | Corporate Officer/Principal | - |
Ellington Financial Management LLC
 Ellington Financial Management LLC Financial ConglomeratesFinance Part of EMG Holdings LP, Ellington Financial Management LLC manages funds and accounts across the liquidity spectrum in four strategic areas. The private company is based in Old Greenwich, CT. Michael William Vranos has been the CEO of the company since 2008. The company has been at the forefront of data-driven investing since its founding in 1994, managing a diverse platform across the credit and liquidity spectrum. Ellington's risk management platform is designed to monitor and mitigate a wide range of inter-related risks. A dedicated risk oversight group leverages a diverse array of tools to quickly identify and respond to emerging risks. | Corporate Officer/Principal | 2007-07-31 |
Ellington Income Opportunities Fund
 Ellington Income Opportunities Fund Investment Trusts/Mutual FundsMiscellaneous Ellington Income Opportunities Fund operates as non-diversified, closed-end management company. The Fund’s investment objective is to seek total return, including capital gains and current income. The company was founded on November 13, 2018 and is headquartered in Minneapolis, MN. | Director/Board Member | 2018-09-30 |
| Imo 2021, Inc. | Chairman | - |
EF Holdco, Inc.
 EF Holdco, Inc. Finance/Rental/LeasingFinance Part of Ellington Financial, Inc., EF Holdco, Inc. provides mortgage banking services. The private company is based in Old Greenwich, CT. The CEO of the company is Laurence Eric Penn. | Chief Executive Officer | - |
Ellington Global Asset Management LLC
 Ellington Global Asset Management LLC Investment ManagersFinance Ellington Global Asset Management LLC (Ellington) is a registered investment advisor and hedge fund manager headquartered in Old Greenwich, Connecticut. The firm was founded in 1994 by Mike Vranos and five partners after holding senior roles in the mortgage departments at Kidder Peabody and Lehman Brothers. They are a subsidiary of Ellington Management Group LLC, which is owned by EMG Holdings LP. Ellington provides investment management services to institutional managed accounts and pooled investment vehicles. | Chief Operating Officer | - |
Former positions of Laurence Penn
| Companies | Position | End |
|---|---|---|
Lehman Brothers Asset Management LLC
 Lehman Brothers Asset Management LLC Investment Banks/BrokersFinance Formerly known as Lincoln Capital Fixed Income Management Co. LLC, Lehman Brothers Asset Management LLC (LBAM) is a wholly owned subsidiary of Lehman Brothers Holdings, Inc. (NYSE:LEH) | Corporate Officer/Principal | 1994-12-30 |
Training of Laurence Penn
| Harvard University | Undergraduate Degree |
| University of Cambridge | Graduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 2 |
|---|---|
| ELLINGTON FINANCIAL INC. | Finance |
| ELLINGTON RESIDENTIAL MORTGAGE REIT | Finance |
| Private companies | 7 |
|---|---|
Lehman Brothers Asset Management LLC
Lehman Brothers Asset Management LLC Investment Banks/BrokersFinance Formerly known as Lincoln Capital Fixed Income Management Co. LLC, Lehman Brothers Asset Management LLC (LBAM) is a wholly owned subsidiary of Lehman Brothers Holdings, Inc. (NYSE:LEH) | Finance |
Ellington Global Asset Management LLC
Ellington Global Asset Management LLC Investment ManagersFinance Ellington Global Asset Management LLC (Ellington) is a registered investment advisor and hedge fund manager headquartered in Old Greenwich, Connecticut. The firm was founded in 1994 by Mike Vranos and five partners after holding senior roles in the mortgage departments at Kidder Peabody and Lehman Brothers. They are a subsidiary of Ellington Management Group LLC, which is owned by EMG Holdings LP. Ellington provides investment management services to institutional managed accounts and pooled investment vehicles. | Finance |
Ellington Financial Management LLC
Ellington Financial Management LLC Financial ConglomeratesFinance Part of EMG Holdings LP, Ellington Financial Management LLC manages funds and accounts across the liquidity spectrum in four strategic areas. The private company is based in Old Greenwich, CT. Michael William Vranos has been the CEO of the company since 2008. The company has been at the forefront of data-driven investing since its founding in 1994, managing a diverse platform across the credit and liquidity spectrum. Ellington's risk management platform is designed to monitor and mitigate a wide range of inter-related risks. A dedicated risk oversight group leverages a diverse array of tools to quickly identify and respond to emerging risks. | Finance |
EF Holdco, Inc.
EF Holdco, Inc. Finance/Rental/LeasingFinance Part of Ellington Financial, Inc., EF Holdco, Inc. provides mortgage banking services. The private company is based in Old Greenwich, CT. The CEO of the company is Laurence Eric Penn. | Finance |
Ellington Income Opportunities Fund
Ellington Income Opportunities Fund Investment Trusts/Mutual FundsMiscellaneous Ellington Income Opportunities Fund operates as non-diversified, closed-end management company. The Fund’s investment objective is to seek total return, including capital gains and current income. The company was founded on November 13, 2018 and is headquartered in Minneapolis, MN. | Miscellaneous |
| Imo 2021, Inc. | |
Ellington Residential Mortgage Management LLC
Ellington Residential Mortgage Management LLC Real Estate DevelopmentFinance Part of EMG Holdings LP, Ellington Residential Mortgage Management LLC acquires, invests and manages residential mortgage and real estate assets. The private company is based in Old Greenwich, CT. The CEO of the company is Michael William Vranos. | Finance |
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