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.
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