Manifold Capital Corp., formerly ACA Capital Holdings, Inc., is a holding company that provides financial guaranty insurance products to participants in the global credit derivatives markets, structured finance capital markets and municipal finance capital markets. It also provides asset management services to specific segments of the structured finance capital markets. The Company participates in its target markets both as a provider of credit protection through the sale of financial guaranty insurance products, for risk-based revenues, and as an asset manager, for fee-based revenues. ACA operates its businesses through three business lines, which consist of its two financial guaranty insurance lines of business: Structured Credit and Public Finance, and its CDO Asset Management business. The Company serves as an asset manager of collateralized debt obligations (CDOs) for the benefit of the third-party investors in these CDOs.