Breadcrumb Home January 21, 2013 12:00 AM Mandate madness A look at hiring trends as reported by Pensions & Investments Tweet Share Share Email More Toggle Fullscreen Share Source: P&IQ (pionline.com/piq) State Street Global Advisors benefited from a number of large passive equity and fixed-income searches to win the most net new business in 2012. Toggle Fullscreen Share Fixed-income assets awarded increased by 39.5%, driven by explosive growth in international and global searches in 2012. Equity assets awarded rose by only 4.4%. Toggle Fullscreen Share Equity and bundled service provider searches accounted for 64.6% of defined contribution hiring activity. Vanguard Group topped the list with 19 new assignments in 2012. Toggle Fullscreen Share The marked increase in allocations to real assets in 2012 was propelled by energy and infrastructure as investors sought long-term, stable cash flows.