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 the leading software provider for the management and administration of structured finance and credit investment operations. Some of the largest investors in structured credit ABS, MBS and CDOs use Principia SFP as the operational backbone for their portfolios. It enables them to consistently manage, analyze and report on these investments and their associated liabilities and hedges. On a single platform, clients can perform the full range of portfolio management, cashflow and exposure analysis, compliance, risk reporting and accounting activities demanded by their business. Operational inefficiencies associated with using multiple spreadsheets and undedicated systems are reduced by integrating and streamlining these activities on a unified platform that addresses challenges unique to the management of structured finance operations.
Principia SFP’s powerful analytics and ability to interface with, combine and consistently apply deal, cashflow and performance data from the leading industry providers empowers managers to know and understand their investments. On an ongoing basis, users have the control to track, analyze and evaluate risk exposures at the deal, tranche or collateral level and gain a consolidated view of risk across any number of portfolios. The fully auditable operational environment provides the flexibility needed to adapt to changing management, regulatory and accounting mandates and ensure transparency is consistently delivered to investors at every stage of the portfolio lifecycle.
For 15 years, the platform has been used by global commercial banks, insurance companies and investment managers, as well as supporting off-balance sheet operations such as ABCP conduits.
Principia Partners is headquartered in New York, with a European office in the City of London and a technology center in Conshohocken, Pennsylvania.
For press information contact:
Ben Jarrold
Tel: + 44 (0) 20 7618 1370
Email: Jarrold@ppllc.com