State Street Global Advisors Profiled in Latest Money Fund Intelligence.
Crane Data's monthly
Money Fund Intelligence interviews
State Street Global Advisors Senior MD and Head of Cash Management
Steven Meier and Senior Portfolio Manager
Jeff St. Peters in its latest issue. The pair discuss
State Street's "Big Footprint" in the cash marketplace and the world of securities lending cash collateral. Regarding the policies of
SSgA Prime Money Market Fund, Meier says, "
Our clients are looking to get 100% of their principal back. We manage their assets accordingly. We tend to buy high quality large, liquid names that we know and like." The article also highlights investing in
alternative collateral repo holdings and the "
significant yield pickup associated" with this investment tactic.