CalSTRS complies with GIPS
CalSTRS furthered our commitment to transparency and ethical standards by complying with the Global Investment Performance Standards (GIPS®) for 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:
- Documenting and abiding by a GIPS procedures document
- Creating a GIPS Asset Owner Report
- 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.