Structured Finance Advisors is an investment manager specializing in asset-backed and structured securities. As a leader and innovator in the industry, SFA has been at the forefront of new and expanding applications of securitization technology. SFA utilizes its expertise to identify opportunities with above average risk adjusted returns including investments involving novel asset types and subordinated securities. SFA was among the first money managers to sponsor a collateralized debt obligation (CDO) transaction secured by asset-backed securities. SFA was early to recognize the potential in the CDO market, but as the market rapidly expanded, SFA was also early to recognize the flaws in that market and therefore stopped issuing in 2002; well before the collapse of the CDO market. SFA has wide-ranging expertise in the capital markets as we have continuously expanded our reach into the asset-backed market over the past decade and through today. SFA is known in the capital markets as a pioneer and one of the founders of the private ABS market.