Press Release
Prytania Investment Advisors licenses the Principia System to support their structured credit funds
Jersey City, NJ – Sept 12, 2005 – Principia Partners LLC, a leading technology provider of comprehensive front-to-back office solutions for managing highly complex, structured financial assets, liabilities and derivatives, today announced Prytania Investment Advisors LLP has selected and implemented the Principia System as an end-to-end derivatives and portfolio management solution for their structured credit operation.
Prytania invests exclusively in structured finance assets, namely global ABS, MBS and CDOs, both cash and synthetic, and will provide a wide range of investment product offerings. One such offering applies CDO and SIV (structured investment vehicle) technology and risk management techniques, offering its institutional investors an innovative product with a more attractive risk-reward profile than traditional CDOs.
“Because of our unique product offerings, we needed a system that would support more than just ordinary deal capture and portfolio management capabilities,” states Charles Pardue, Managing Partner of Prytania Investment Advisors LLP. “Principia enables us to capture complex structured products and derivatives in an intuitive manner and seamlessly risk manage and process these instruments downstream for analysis and reporting. Principia complements our proprietary credit risk models to give an overall assessment of risk across a portfolio that suits our goals of rigorous and thorough analysis of the structures in which we invest. Furthermore, the integrated derivatives capabilities of Principia permit us to model and value complex transactions needed to hedge certain structured finance investments.”
“We are truly excited to be working with Prytania,” states Brian Donnally, EVP at Principia Partners. “Their innovative business model takes full advantage of the broad end-to-end processing capabilities of the Principia System, especially the specialized risk and analytical reporting functionality designed to meet the rigorous demands of our clients in the securitization markets. ”
About Principia Partners
Principia Partners is a leading provider of advanced end-to-end
processing solutions for the structured finance and capital markets/treasury
markets. The Principia System is a unified portfolio management,
risk management and operational platform that manages a wide range
of vanilla and structured fixed income (including ABS/MBS and GICs),
interest rate, foreign exchange, credit and equity indexed products.
The system is used by a broad range of financial institutions, insurance
firms and capital market groups.
Principia Partners is headquartered at the Harborside Financial Center, Jersey City, New Jersey, USA with an office at 1 Cornhill in London, UK.
For press information contact:
Shamira Alidina
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271 Regent Street
London W1B 2BP
shamira@write-image.co.uk
Tel: + 44 (0) 20 7959 5450
Fax: + 44 (0) 20 7493 5499
Email: shamira@write-image.co.uk