Cash collateral asset management

General Information

Manager responsibilities

The cash collateral portfolio managers are responsible for investing the cash taken as collateral from loans of securities. Each of the portfolios is diversified among different asset classes, based upon investment guidelines developed by CalSTRS, and emphasizes safety of principal and adequate liquidity.

CalSTRS securities lending program manager selection considerations

Cash collateral managers have been selected based upon:

  • Their specific expertise.
  • Their diverse approaches toward lending and cash management.

Cash collateral portfolio market value

$23.86 Billion
December 31, 2014

Pie chart: CalSTRS $12.77 billion, 53.52%; State Street $11.09 billion, 46.48%

2014 cash collateral portfolios annual returns

  • CalSTRS Annual Returns: 0.37%
  • State Street Annual Returns: 0.37%

Cash collateral portfolios trailing returns (in bps)

December 31, 2014

Bar chart: CalSTRS, State Street and 3 month T-Bill gradually increasing over 1 month, 3 month, 6 month, 1 year, 3 year, 5 year, 10 year periods.

13-month T-bill return is the benchmark