![Laurence Penn](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" fill="%231b1b1b" class="bi bi-person-fill" viewBox="0 0 16 16"><path d="M3 14s-1 0-1-1 1-4 6-4 6 3 6 4-1 1-1 1zm5-6a3 3 0 1 0 0-6 3 3 0 0 0 0 6"/></svg>)
Laurence Penn
Directeur Général chez
ELLINGTON FINANCIAL INC.
Fortune : 8 M $ au 31/05/2026
Profil
Mr. Laurence E.
Penn is a President, Chief Executive Officer & Trustee at Ellington Credit Company, an Executive Vice President at Ellington Financial Management LLC and at Ellington Residential Mortgage Management LLC, a President, Chief Executive Officer & Director at Ellington Financial, Inc., a Chairman at Imo 2021, Inc., a President, Chief Executive Officer & Director at EF Holdco, Inc. and a Vice Chairman & Chief Operating Officer at Ellington Global Asset Management LLC.
He is on the Board of Directors at Ellington Income Opportunities Fund, Ellington Credit Company, Ellington Financial, Inc., EF Holdco, Inc. and Ellington Global Asset Management LLC.
Prior to joining Ellington, Mr. Penn was at Lehman Brothers, where he was a Managing Director and co-head of CMO origination and trading, and where he specialized in the trading of CMO derivatives.
Prior to trading CMOs and CMO derivatives, Mr. Penn was in charge of Lehman Brothers’ structured transaction modeling group from 1987 to 1990, where he was responsible for the structuring, modeling and computer system design for MBS and ABS, and where he was the co-creator (with Jonathan Amsterdam) of “BondTalk”, the first high-level programming language specifically designed to model Collateralized Mortgage Obligations.
Mr. Penn began his career at Lehman Brothers in 1984.
He received his Master of Advanced Study in Mathematics from Cambridge University.
Mr. Penn graduated summa cum laude, Phi Beta Kappa with a B.A. in Mathematics from Harvard University.
Détentions connues dans des sociétés publiques
| Société | Date | Nombre d'actions | Valorisation | Date de valorisation |
|---|---|---|---|---|
ELLINGTON FINANCIAL INC. 0,49 % | 31/03/2026 | 613 694 ( 0,49 % ) | 8 M $ | 31/05/2026 |
Ellington Credit Co.
 Ellington Credit Co. Investment Trusts/Mutual FundsMiscellaneous Functions as a closed-end investment fund or Investment trust 0,1 % | 30/04/2026 | 35 710 ( 0,1 % ) | 169 265 $ | 31/05/2026 |
Postes actifs de Laurence Penn
| Sociétés | Poste | Début |
|---|---|---|
| ELLINGTON FINANCIAL INC. | Directeur Général | 15/07/2009 |
Ellington Residential Mortgage Management LLC
 Ellington Residential Mortgage Management LLC Real Estate DevelopmentFinance Acquires, invests and manages residential mortgage & real estate assets | Corporate Officer/Principal | - |
Ellington Financial Management LLC
 Ellington Financial Management LLC Financial ConglomeratesFinance Provides investment services | Corporate Officer/Principal | 01/08/2007 |
Ellington Income Opportunities Fund
 Ellington Income Opportunities Fund Investment Trusts/Mutual FundsMiscellaneous Acts as Closed-End Investment Fund/Investment Trust | Directeur/Membre du Conseil | 01/10/2018 |
Imo 2021, Inc. | Président | - |
EF Holdco, Inc.
 EF Holdco, Inc. Finance/Rental/LeasingFinance Provides mortgage banking services | Directeur Général | - |
Ellington Global Asset Management LLC
 Ellington Global Asset Management LLC Investment ManagersFinance Ellington seeks to capture upside in good markets and control downside in difficult markets, thereby delivering attractive returns to investors over time, without taking excessive risk. Their core competencies include deep expertise in diversified credit, mortgage, and fixed income markets. | Directeur des opérations | - |
Anciens postes connus de Laurence Penn
| Sociétés | Poste | Fin |
|---|---|---|
Lehman Brothers Asset Management LLC
 Lehman Brothers Asset Management LLC Investment Banks/BrokersFinance For active fixed-income, LBAM's decision-making process incorporates controlled duration decisions, sector decisions, and individual issue valuation decisions. They base interest rate and sector-related investment decisions on our economic growth forecast. The firm uses risk exposure analysis and risk budgeting models to quantify and manage risks associated with strategies that they design to add value relative to the benchmark index. Individual issue selections result from internal research generated by research specialists. They diversify holdings to reduce credit exposure to individual issuers. Eligible investments for core strategies include US dollar denominated investment-grade securities; for core plus strategies the universe of securities expands to include high yield. For passive bond indexing, LBAM seeks to take advantage of risk premiums as they are reflected in individual security prices. These premiums offer compensation for accepting credit and structure risks associated with individual issues. Explicit quantification and control of risks are at the heart of this investment process. The firm uses proprietary risk exposure analysis to analyze yield curve factors and spread-related factors. For each yield curve and spread factor, the portfolio is very closely matched to the index to ensure that the portfolio earns the same return as the index for any change in interest rates or change in sector spreads. Based on internally generated research, they integrate individual issue selections into the portfolio without disrupting the integrity of the portfolio structure. Holdings are diversified to reduce credit exposure to individual issuers. Eligible investments include securities included in the index, plus those that are their equivalents in terms of credit and structure risks. LBAM's high yield bond management decision-making process begins with a macro-economic framework for determining the appropriate portfolio structure according to defensive versus cyclical industries and appropriate quality orientation (between high BB to low B). Once they have established the overall structure, the firm determines specific industry weights and individual issuer selections. Their research analysts focus on identifying securities that exhibit improving credit fundamentals while avoiding those that experience deterioration in their credit quality. LBAM diversifies holdings to reduce credit exposure to individual issuers. Eligible investments include dollar denominated bonds rated below investment-grade including Rule 144A securities and the full range of structures such as pay-in-kind bonds, interest reset bonds and other instruments that are consistent with high yield investing. | Corporate Officer/Principal | 31/12/1994 |
Formation de Laurence Penn
Expériences
Fonctions occupées
Actives
Inactives
Sociétés cotées
Entreprise privées
Relations
64
Relations au 1er degré
10
Entreprises liées au 1er degré
Homme
Femme
Administrateurs
Exécutifs
Sociétés liées
| Entreprise privées | 10 |
|---|---|
Lehman Brothers Asset Management LLC
Lehman Brothers Asset Management LLC Investment Banks/BrokersFinance For active fixed-income, LBAM's decision-making process incorporates controlled duration decisions, sector decisions, and individual issue valuation decisions. They base interest rate and sector-related investment decisions on our economic growth forecast. The firm uses risk exposure analysis and risk budgeting models to quantify and manage risks associated with strategies that they design to add value relative to the benchmark index. Individual issue selections result from internal research generated by research specialists. They diversify holdings to reduce credit exposure to individual issuers. Eligible investments for core strategies include US dollar denominated investment-grade securities; for core plus strategies the universe of securities expands to include high yield. For passive bond indexing, LBAM seeks to take advantage of risk premiums as they are reflected in individual security prices. These premiums offer compensation for accepting credit and structure risks associated with individual issues. Explicit quantification and control of risks are at the heart of this investment process. The firm uses proprietary risk exposure analysis to analyze yield curve factors and spread-related factors. For each yield curve and spread factor, the portfolio is very closely matched to the index to ensure that the portfolio earns the same return as the index for any change in interest rates or change in sector spreads. Based on internally generated research, they integrate individual issue selections into the portfolio without disrupting the integrity of the portfolio structure. Holdings are diversified to reduce credit exposure to individual issuers. Eligible investments include securities included in the index, plus those that are their equivalents in terms of credit and structure risks. LBAM's high yield bond management decision-making process begins with a macro-economic framework for determining the appropriate portfolio structure according to defensive versus cyclical industries and appropriate quality orientation (between high BB to low B). Once they have established the overall structure, the firm determines specific industry weights and individual issuer selections. Their research analysts focus on identifying securities that exhibit improving credit fundamentals while avoiding those that experience deterioration in their credit quality. LBAM diversifies holdings to reduce credit exposure to individual issuers. Eligible investments include dollar denominated bonds rated below investment-grade including Rule 144A securities and the full range of structures such as pay-in-kind bonds, interest reset bonds and other instruments that are consistent with high yield investing. | Finance |
Ellington Financial, Inc.
 Ellington Financial, Inc. Real Estate Investment TrustsFinance Operates as a real estate investment trust which invests in residential & commercial mortgage loans and mortgage-backed securities | Finance |
Ellington Income Opportunities Fund
Ellington Income Opportunities Fund Investment Trusts/Mutual FundsMiscellaneous Acts as Closed-End Investment Fund/Investment Trust | Miscellaneous |
Harvard University
 Harvard University Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
University of Cambridge
 University of Cambridge Other Consumer ServicesConsumer Services Functions as a College/University | Consumer Services |
Ellington Global Asset Management LLC
Ellington Global Asset Management LLC Investment ManagersFinance Ellington seeks to capture upside in good markets and control downside in difficult markets, thereby delivering attractive returns to investors over time, without taking excessive risk. Their core competencies include deep expertise in diversified credit, mortgage, and fixed income markets. | Finance |
Ellington Financial Management LLC
Ellington Financial Management LLC Financial ConglomeratesFinance Provides investment services | Finance |
Ellington Residential Mortgage Management LLC
Ellington Residential Mortgage Management LLC Real Estate DevelopmentFinance Acquires, invests and manages residential mortgage & real estate assets | Finance |
EF Holdco, Inc.
EF Holdco, Inc. Finance/Rental/LeasingFinance Provides mortgage banking services | Finance |
Imo 2021, Inc. |
