Do remember that CalPERS !% return was generated over twelve months whereas the Caisse de dépôt numbers are for the first half.
From Pension Pulse:
Luann Lasalle of the Canadian Press reports, Caisse de depot et placement earns average return of 3.5% on first half of 2012:...MORE
Quebec's main pension fund manager says it earned an average return of 3.5 per cent on depositors' funds for the first six months of 2012.
The Caisse de dépôt et placement du Québec says its net assets reached $165.7 billion as the end of June, up $6.8 billion from $159 billion at the end of 2011.
The fund's investments contributed $5.4 billion to the increase and depositors made a net contribution of $1.4 billion.
Over a three-year period, the Caisse said it posted a 10.5 per cent average annual return.
It said all major asset classes had positive returns for this period, surpassing their benchmark.
FAIL: CalPERS Posts 1% Return for Fiscal Year Ended June 30, 2012.
"CalPERS fails to make money in commodities: John Kemp"