ACA Capital Granted License to Conduct Investment Management Business in UK.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ACA ACA - Application Control Architecture Capital Holdings, Inc. (NYSE NYSE See: New York Stock Exchange : ACA) today announced that its wholly-owned subsidiary, ACA Capital Management (U.K.) Pte. Limited, has been granted a license by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. to provide investment management services in relation to collateralized debt and loan obligations in the United Kingdom. This license authorizes the company to manage these pooled assets to market counterparties and intermediate customers throughout the United Kingdom. ACA Capital is a holding company that provides asset management services and credit protection products to participants in the global credit derivatives markets, structured finance capital markets and municipal finance capital markets. ACA Capital's US-based asset management services are provided through its asset management subsidiary, ACA Management, L.L.C., and its credit protection products are provided through its "A" rated financial guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. insurance subsidiary, ACA Financial Guaranty Corporation. More information can be found at www.aca.com. |
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