Athilon Structured Investment Advisors act as advisor to Athilon Capital Corp. and Athilon Asset Acceptance Corp. (collectively, "Athilon"). Athilon is one of the first financial firms of its kind, providing credit protection on a portfolio basis to investment banks, commercial banks, insurance companies and other institutions. Athilon will apply its proprietary multi-disciplinary and highly sophisticated techniques to assess risk and monitor performance of portfolios of structured credits, which are managed and processed in the Principia System. These cover a wide range of credit derivatives, including credit default swaps, basket products and synthetic CDOs.
"Initially, our business will be highly focused on writing protection on structured credit risk," states Paul Sclafani, CEO of Athilon Structured Investments Advisors. "However, given our experience and skill sets, we expect to expand into related businesses such as asset management and CDO management. We selected Principia because the system provides the advanced, proven portfolio management, risk management, administration and accounting capabilities that can be rapidly implemented and scaled with our business in terms of volume and product breadth."
"We are excited to be working with Athilon," states Harvey Rand, EVP â Sales & CRM at Principia Partners. "They are pioneers in applying innovative credit arbitrage strategies that bridge opportunities between the converging insurance and capital markets industries." Principia Partners is a leading provider to insurance companies who manage derivatives and structured products, using capital market valuation and risk management methodologies.