The Fresno County Employees' Retirement Association (FCERA) has become the latest pension fund to make an allocation to Term Asset-Backed Securities Loan Facility (TALF) strategies.

Last week, Jeffrey MacLean of Wurts & Associates recommended a 4% allocation to TALF to be managed by PIMCO. The funding for the allocation was to come from FCERA's 9% hedge fund target, dropping that allocation to 5%.

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