Operations Glossary

This Glossary identifies, defines, and clarifies the meaning of investment terms used by CalPERS in our investment policies. The purpose of the Glossary is to establish a uniform vocabulary of terms for users of these policies.

Choose from the letters below to find a specific Operations Investment Policy term or phrase. You'll also find information about the related policies and asset classes for each term.

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Generally Accepted Accounting Principles (GAAP) - An accepted set of rules, conventions, standards, and procedures for reporting financial information, as established by the Financial Accounting Standards Board (FASB). See also International Financial Reporting Standards (IFRS).

Related Policy

Global Investment Performance Standards (GIPS) - Standardized, industry-wide ethical principles created by the CFA Institute that provide investment firms with guidance on how to calculate and report their investment results.

Related Policy