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Michael Vranos’ Ellington to Launch an Interval Fund

The closed-end fund, which will buy back shares at specific intervals, will initially be available only to accredited investors.

Ellington Management Group is the latest investment firm to trot out a so-called interval fund.The credit specialist hedge fund firm founded by veteran trader Michael Vranos is planning to launch the Ellington Income Opportunities Fund sometime in the fourth quarter, according to a person familiar with its plans. Ellington declined

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