Mike Vranos

Michael W. Vranos
Born	Worcester, Massachusetts
Residence	Weston, Connecticut
Other names	Mike
Education	B.A. in mathematics Harvard University, 1983 magna cum laude
Occupation	Hedge fund manager and bond trader
Employer	Kidder Peabody, Ellington Management Group
Title	Founder, CEO

Michael W. "Mike" Vranos is an American hedge fund manager and philanthropist who in the 1990s was referred to by some as the "most powerful man on Wall Street." In 1993, he reportedly earned $15 million from trading mortgage bonds.Fortune Magazine once called him "one of the best bond traders on Wall Street." According to a 2007 Wall Street Journal article, he has continued to be regarded as "the best-known mortgage-bond trader on Wall Street."

Vranos headed collateralized mortgage obligation (CMO) trading in the early 1990s at Kidder Peabody at a time when that firm dominated the marketplace. Seizing the opportunity created by a bear market, he left to start his own firm, Ellington Management Group, in late 1994. That same year, Kidder Peabody fell on troubled times and was sold to PaineWebber. In spite of being affected by fall-out from the Long-Term Capital Management debacle in 1998, as of April 2004, Ellington had delivered a composite annualized return of 15.4%, after fees. Ellington continues to market a variety of investment offerings.

Vranos was born in Worcester, Massachusetts to Alexander and Aglaea Vranos, both of Greek descent. He was then raised in Ellington, Connecticut, United States. In his youth, he worked as a bouncer and earned the title of Mr. Teen Connecticut as a bodybuilder. He earned the nickname "The Arm". Mr. Vranos earned his Bachelor of Arts degree in mathematics from Harvard University in 1983 with both magna cum laude and Phi Beta Kappa honors. He began pursuing a PhD in Mathematics, before beginning his work on Wall Street.

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