On April 25, Greg Leonberger, FSA, EA, MAAA, director of research and managing partner, was quoted in a Wall Street Journal article on the Fed’s Term Asset-Backed Loan Facility (TALF), a stimulus program from 2009 that was reintroduced as part of the response to the coronavirus economic slowdown.
Greg was quoted on investor expectations for TALF 2.0, explaining that there may be some hesitation to invest in the program given the illiquid nature of the funds. Percentage returns are likely to be in the “mid-to-high single digits on the low end to the low teens on the high end,” this round, where in the previous version, investors commonly experienced returns in the range of 20% to 40%, according to the article.
To read the full article, visit the Wall Street Journal website (subscription required).
For more perspective on the recent stimulus programs, view Marquette’s coronavirus updates on our research page.
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