Sacramento County Dips Into TALF

June 19, 2009

Two term asset-backed securities loan facility (TALF) investments were approved at a Sacramento County Employees' Retirement System (SCERS) board meeting this week, said Jeff States, CIO with the $4 billion plan. States said that $20 million each will be placed with Metropolitan West Asset Management and PIMCO. He noted that funding for the investments would come from cash as part of the plan's opportunistic allocation. According to the SCERS' Web site, there is a 5%…

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