Global Equity 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 Global Equity Investment Policy term or phrase. You'll also find information about the related policies and asset classes for each term.
Nonsystematic Risk - That part of a total return that cannot be explained by a single- or multi-factor model of returns. Such components of return can be diversified away in a sufficiently large and well-diversified portfolio.
- No related policies
Notional Leverage - Created when a derivative position either lacks full collateralization, or when non-cash collateral underlies a derivative exposure.
- Global Equity (PDF, 61 KB)