Morgan Stanley Investment Management (MSIM) announced Friday that it raised over $600 million in capital to serve as collateral under the Term Asset-Backed Securities Loan Facility (TALF) offered by the Federal Reserve Bank of New York. This was over $100 million in excess of the MSIM’s initial $500 million target.

"We are very pleased to give clients the ability to take advantage of this limited opportunity to invest in TALF eligible securities along with the non-recourse financing being offered through the program," Randy Takian, head of the retail and intermediary business for MSIM said,

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