Mr. Ellingrud is a director with CarVal Investors. Mr. Ellingrud is responsible for managing investments in commercial and industrial, small business and government receivables portfolios. Prior to joining CVI in 2003, Mr. Ellingrud was a senior business analyst with McKinsey & Company in New York. He received his MBA from Harvard Business School and his A.B. in Applied Mathematics summa cum laude from Dartmouth College in Hanover, NH.