Maryland Pension Fund Had Good Year, But Underperforms Other Big Funds

The Maryland pension system had a good year in fiscal 2011, earning 20% on its investments -- up from 14% in 2010 -- and giving it $37.6 billion in assets. But the Maryland system did not perform as well as most large pension systems around the country, showing earnings worse than four out of five of them, according to a report from the Department of Legislative Services.

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