Morgan Stanley Rolls Out TALF Fund May 19, 2009

—Suzy Kenly
Morgan Stanley Investment Management has launched a fund to focus on the Term Asset-Backed Securities Loan Facility. The Morgan Stanley Investment Management TALF Fund will purchase credit card, small business, student loan and auto loan asset-backed securities. The fund has a three-year duration.
Under the terms of TALF, Morgan Stanley will only have to put up 10%, with ...

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