Current news for this fund:
Ellington Capital Mgmt. (certain funds) - mortgage-credit funds
Count of distinct funds: 2
BusinessWeek has also mentioned this fund group, though hasn't said much about it. The implication is they are still in distress; which isn't surprising for a mortgage-credit fund (spreads have only worsened since October).
First Listing, 2007-10-10:
We have preliminary information via The NYPost (link above, October 6th) on two funds at Ellington which have suspended withdrawals. The claim is that there have not yet been an abnormal level of withdrawals and that there is plenty of capital to meet a large level of withdrawal requests; but due to uncertain valuation of MBS securities, withdrawals have been temporarily disallowed.
From the article:
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Important: This fund is on our list of hedge funds that are apparently ailing or which we think are worth watching for any other reason. Ailing funds haven't shut down, but they've suffered significant value declines and/or temporarily halted redemptions. Funds on watch may not even have unusual declines, but may be posted if it is felt there may be risk of developing a more serious condition eventually.