Press Release
Principia Partners Announces New Member of the Principia Team
With the Addition of Dr. Douglas Long, Formerly of Deutsche Bank,
Principia Extends Quantitative Research and Development Expertise
New York, May 11, 2000 – Principia Partners, the premier provider
of turnkey software for end-users of derivatives and other financial instruments,
announced today that Dr. Douglas Long, quantitative research specialist
and author in the field of quantitative analysis, has joined the company's
roster of highly talented financial analysts and engineers. Dr. Long's skills
complement the team's strengths, and further demonstrate Principia's continuing
commitment to achieving the highest level of excellence in quantitative
research and development. His knowledge will be used extensively in the
continued evolution of the Credit and Equity derivatives capabilities found
in the Principia Analytic System.
Dr. Long will be located in London, where his expertise will contribute to Principia's European distribution activities. Formerly a senior researcher and vice president with Deutsche Bank of London, Dr. Long was part of the select Global Equities Quantitative Research group. He also was heavily involved in exploring new concepts for credit and interest rate modeling. Prior to his position with Deutsche Bank, Dr. Long served as a quantitative analyst with Infinity in London, where he developed software capable of handling complex interest rate and foreign exchange derivatives.
In addition to his work for financial firms, Dr. Long has authored several books and numerous articles on quantitative analytics. His books, Modeling and Hedging Equity Derivatives (1999), Equity Derivatives and Market Risk Models (2000), available from Risk Books, are quickly becoming cornerstone references for the financial industry. His latest published article, "Volatility Swaps Made Simple" written with Oliver Brockhaus, appears in the January 2000 issue of Risk magazine. In addition to his own writing, he often is asked to participate in peer reviews of other authors' works involving quantitative analytics.
About Principia Partners
Principia Partners, headquartered in New Jersey with an office in London, was founded by a group of finance and technology professionals. From their expertise in trading, operations, systems and risk oversight comes the framework for the Principia Analytic System (PAS), the company’s front-to-back office solution for trading and portfolio management in the derivatives and fixed-income markets. PAS includes a complete set of robust risk management tools to value portfolios and evaluate risk under expected, historical and stressed conditions. The PAS/SLS sub-ledger enables clients to customize systems in order to fully comply with FAS 133 and the European IAS 39 accounting rules. The turnkey system, which is distinguished by its ease of installation, is used by derivatives dealers, commercial banks, insurance companies, corporations, money managers, hedge funds and government agencies. For information on Principia, see www.principiapartners.com.
For press information contact:
Shamira Alidina
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