Bill Gross' recent wrong bet on the bond markets led to a recent mea culpa but it did not cause institutional investors to lose faith, according to numbers gathered on the pension plan market. Pimco [see profile] has taken in over $4 billion in new mandates this year, according to a trade pub.

Specifically, P&I reports that through November 18, Pimco was hired 14 times for a total of $4.878 billion, mostly for fixed-income mandates but also for a global tactical asset allocation, multi-asset class and real-return mandate.

Private equity powerhouse Texas Pacific Group reportedly came in second with 12 mandates this year, according to the pub. 

Edited by: Hung Tran


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