Hedge Funds To Participate in TALF

The WSJ reported that Hedge funds of all sizes and strategies are expressing strong interest in the government’s plan to unclog consumer-lending pipelines. Now they and other investors need to decide Friday if they will participate in the first round of borrowing through the Term Asset-Backed Securities Loan Facility, or TALF.

Some of the biggest hedge funds in the business have participated in calls and meetings with other hedge-fund managers, lawyers and regulators about the program. They include Harbinger Capital Management, Highbridge Capital Management, Elliott Management Corp., Paulson & Co., Perry Capital, Citadel Investment Group, Cerberus Capital Management and D.E. Shaw Group.


Here’s everything that you wanted to know about TALF but was afraid to ask: http://www.newyorkfed.org/markets/talf_faq.html


And here’s everything you wanted to know about how the stimulus activity impacts your state: http://www.stimuluswatch.org/project/by_state