California State Teachers' Retirement System, West Sacramento, is searching for at least one firm to provide securities lending and cash collateral management services, confirmed spokesman Michael Sicilia.
Incumbents State Street, Goldman Sachs Agency Lending and Credit Suisse are all invited to rebid for the securities-lending post. State Street provides cash collateral services as well and may rebid for that, Mr. Sicilia said.
An RFP for the services has not been issued in nearly 13 years. More than one firm could be hired.
The $165.8 billion pension fund has a target asset allocation of 53% global equity, 20% fixed income, 12% each private equity and real estate, 2% inflation-sensitive and 1% cash.
The RFP notice is on the pension fund's website. Proposals are due at 2 p.m. PDT Oct. 11. Finalist interviews are slated for early November. A hiring date has not been determined.