Valuation

New Asset Managers Join TARP 

Following an extensive evaluation process involving hundreds of applications, the Treasury selected AllianceBernstein LP, FSI Group, LLC, and Piedmont Investment Advisors, LLC to manage a $250bn portfolio under the troubled asset relief program (TARP). The assets to be managed are issued by banks and other institutions participating in the Capital Purchase Program and other similar programs under the Emergency Economic Stabilization Act.