CalSTRS furthered its commitment to transparency and ethical standards by complying with the Global Investment Performance Standards (GIPS®) starting with the 2020 fiscal year. The GIPS standards establish a standardized, industry-wide approach for asset managers and asset owners in calculating and presenting historical investment results to oversight bodies.

Benefits of voluntary GIPS compliance include external guidance on standards, improved documentation and procedures, and better peer comparison. Compliance helps ensure that asset owners’ investment performance is thoroughly and fairly presented.

Complying with GIPS required:

1. Documenting and abiding by a GIPS procedures document
2. Creating a GIPS Asset Owner Report
3. Engaging an independent party to conduct a performance verification and examination

See the board meeting item on GIPS for more details and to read the asset owner report.

CalSTRS claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. To obtain GIPS-compliant performance information for the asset owner’s strategies and products, please contact the CalSTRS Newsroom.