# Duke Funding Management, L.L.C.

> Duke Funding Management, L.L.C. is an SEC-registered investment advisory firm in Old Greenwich, CT, registered since 2002, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 117590
- Filed as: DUKE FUNDING MANAGEMENT, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Old Greenwich, CT
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/117590
- AdvisorCensus page: https://advisorcensus.com/firm/duke-funding-management-l-l-c-old-greenwich-ct-117590

## Quick answers

**How is Duke Funding Management, L.L.C. compensated?**
On its Form ADV (Item 5.E, October 2026), Duke Funding Management, L.L.C. reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Duke Funding Management, L.L.C. located?**
Duke Funding Management, L.L.C.'s principal office is in Old Greenwich, CT, according to its Form ADV.

**Is Duke Funding Management, L.L.C. registered with the SEC or a state?**
Duke Funding Management, L.L.C. is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 117590.

**How much does Duke Funding Management, L.L.C. manage?**
Duke Funding Management, L.L.C. reports $126,850,250 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Duke Funding Management, L.L.C.'s assets and staff changed since 2021?**
In the Form ADV data for Duke Funding Management, L.L.C.: Regulatory assets under management: $692,548,457 in the October 2021 data and $126,850,250 in the October 2026 data, down 82%. Total employees: 142 in October 2021 and 164 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Duke Funding Management, L.L.C. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Duke Funding Management, L.L.C. report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/117590

**What changed in Duke Funding Management, L.L.C.'s recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $151,606,136 to $126,850,250 (-16%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $126,850,250
- Discretionary: $126,850,250
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $126,850,250 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2002 (24 years)
- Employees: 164 total, 68 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [ellington.com](https://ellington.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $692,548,457 | 142 | May 26, 2021 |
| October 2022 | $623,591,572 | 173 | May 20, 2022 |
| October 2023 | $166,081,419 | 162 | July 20, 2023 |
| October 2024 | $150,395,982 | 162 | March 27, 2024 |
| October 2025 | $151,606,136 | 160 | March 31, 2025 |
| October 2026 | $126,850,250 | 164 | March 30, 2026 |

Regulatory assets under management: $692,548,457 in the October 2021 data and $126,850,250 in the October 2026 data, down 82%.
Total employees: 142 in October 2021 and 164 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $151,606,136 to $126,850,250 (-16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Duke Funding Management, L.L.C. (CRD 117590): Form ADV filing data as of October 2026.