Vranos’s Ellington Hires Stohr to Bolster Distressed-Debt Teamby
Michael Vranos’s hedge fund Ellington Management Group has hired former GoldenTree Asset Management money manager Dale Stohr to boost its credit team.
Stohr joined the hedge fund this week on the credit team, according to Mark Heron, the head of distressed debt at Ellington. Stohr led the U.S. distressed-debt team at Royal Bank of Scotland Group Plc before joining GoldenTree in 2014, where his role also included research.
Ellington was founded by Vranos, a former bodybuilding champion and mortgage-bond trader at Kidder Peabody & Co., before he left to start his own firm in 1994. Old Greenwich, Connecticut-based Ellington’s credit business includes investments in mortgage-backed securities, consumer loans and the corporate-debt markets.