Pension funds hire money managers to run around $50 billion

In the first nine months of the year, P&I Daily reported that pension funds hired managers to run $26.084 billion of alternative assets, $13.977 billion in equity assets and $9.067 billion in fixed-income assets. Within alternatives, private equity and real estate received the most money — at $9.83 billion and $6.265 billion, respectively. Hedge funds mangers took in $4.506 billion, with 67% going to direct hedge fund managers. PIMCO was hired the most, receiving 10 mandates in the first nine months of 2011. Later this year or early in 2012, P&I will be launching search and hire analytics.