Mr. Valli is a Managing Director and Co-Head Portfolio Manager of the firm’s Long-Only Products. He joined in 2004 as an analyst where he helped manage the firm’s repo transactions and helped develop various aspects of Ellington’s proprietary portfolio management system. In 2007, Mr. Valli began working on the trading desk where his responsibilities included trading non-agency RMBS, agency specified pools and ARMs, and mortgage REITs. In addition to his trading responsibilities, Mr. Valli oversees the firm’s Long-Only platform, which encompasses over $4 billion of assets across a variety of product types. Mr. Valli graduated summa cum laude with a Bachelor of Science in Economics from The Wharton School at the University of Pennsylvania.