Investment & Risk Management 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 Investment & Risk Management Investment Policy term or phrase. You'll also find information about the related policies and asset classes for each term.
Waiver Fee - A fee paid by an issuer to an underwriter or a group of underwriters to waive any requirement of the Credit Instrument (Letter of Credit), Reimbursement Agreement, or Trust Indenture.
- Credit Enhancement Program (PDF, 89 KB)
What-If Risk Analysis - To forecast the impact on Fund-wide risk characteristics from reallocating investment dollars between asset classes and portfolio managers and also the consideration of potential new investments.
- Risk Management Program (PDF, 118 KB)
White Paper - A document that puts forward a specific position or solution to an issue or problem.
- Developmental Investment Fund (PDF, 211 KB)