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Family Office-Focused Manager Launches TALF Fund May 21, 2009

-- Olivia Thetgyi

Sun Valley, Idaho-based investment advisory firm Interfund Capital is launching a fund to invest in securities under the Term Asset-Backed Securities Loan Facility that targets smaller institutions. The fund launched on May 1 and has so far raised $10 million. The company expects to have $100 million by the end of next month, according to an official with knowledge of the situation.

Interfund was established in 1992 to manage money for family offices and currently manages $100 million. To focus on smaller institutions ...

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