Founded in 1996 by Stanley Diller and Rick Huang, PolyPaths’ goal was to utilize the founders’ vast experience in actively-used sell-side systems to create a new, versatile, easy to use product with uncompromising analytical rigor. The resulting system, which combines the modeling rigor and user control of a single sector trader with the universality of a general portfolio manager, has been used for specialized tasks such as evaluating complex embedded options and stress-testing a combined CMO and corporate portfolio. The system continues to expand along both the intensive and extensive margins.

About the Founders

Stanley Diller

Mr. Diller founded the Financial Strategies Group at Goldman Sachs in 1976 and led it through 1985. This group was responsible for the research ideas and computer systems that supported the firm's worldwide sales, trading, and risk management operations. He founded and managed similar groups at Bear Stearns from 1985 to 1992 and at Paine Webber from 1992 to 1995.

His publications include: The Parametric Analysis of Fixed Income Securities, Goldman Sachs, New York, 1984, which originated the concept of convexity as a tool for analyzing bonds and mortgages, and The Yield Surface, Bear Stearns, New York, 1987, which introduced a 3-dimensional yield curve incorporating the volatility term structure.

Mr. Diller is a graduate of Queens College in New York and has earned a Ph.D. in Economics from Columbia University.

Rick Huang

Mr. Huang was an Associate Director at Bear Stearns from 1987 to 1991 in the Fixed Income Strategies Group developing analytical software that supported the fixed-income sales and trading operation. From 1991 to 1992, he was a Director at Mercadian Capital and developed various pricing models and risk management software for interest rate and equity derivatives. From 1992-1996, Mr. Huang was a Senior Vice President at Paine Webber in charge of their Fixed Income Quantitative Research Group.

Mr. Huang holds a B.S. in Computer Engineering from National Taiwan University and an M.S. in Computer Science from Columbia University.