![CalPERS Misses the Mark](https://www.benefitscanada.com/wp-content/uploads/sites/7/2012/01/california_sunset_boulevard.jpg)
CalPERS 2011 returns at a glance:
Public equities returned -12.3% compared to a -12.21% custom benchmark;
Fixed income returned 12.38%, compared to a custom benchmark of 13.91%.
Absolute-return strategies returned -2.29%, compared to a custom benchmark return of 5.6%.
Private equity returned 12.37%, compared to the custom benchmark’s 1.38%.