Prytania Investment Advisors licenses the Principia System to support their structured credit funds

Jersey City, NJ – Sept 13, 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."

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