In Alternative Views Hedgeweek®,goes behind closed doors with those in the know to get the latest on hedge funds. Today, we speak to Greg Valli, Portfolio Manager at Ellington Management Group, a $22bn investment firm specialising in securitisation and credit instruments. 

The history of Ellington (0:27); the changing perspective on mortgages (1:48); the firms modelling and research capabilities (3:43);the most compelling opportunities in markets today (5:32); the state of the rate cycle (6:31); the constantly changing state of portfolios (7:25); the secondary and tertiary forces that influence decisions (8:34); the attraction to investors (9:29); risk management (10:42); structural changes in the alternative credit landscape in the past several years (12:15).