Monday, 1 September 2014
Last updated 3 days ago
Apr 19 2011 | 11:52am ET
Hedge fund DoubleLine Capital has launched its second vehicle, a joint-venture with RiverNorth Capital Management.
The RiverNorth DoubleLine Strategic Income Fund debuted in December. Three-quarters of the fund's assets will be managed by DoubleLine or by its founder, former TCW Group chief investment officer Jeffrey Gundlach.
To be precise, Gundlach manages the fund's core fixed-income portfolio, currently about half of the portfolio but to be treated as "dry powder" for the fund's other two portfolios. A quarter of the fund, the opportunistic portfolio, is allocated to DoubleLine's mortgage-backed securities strategy, with the final quarter allocated to RiverNorth, which focuses on discount spreads available in closed-end fixed-income funds.
"The fund is designed to capitalize on market inefficiencies in both closed-end funds and the fixed-income markets in partnership with one of the best fixed-income managers in the business," Patrick Galley, CIO of RiverNorth, told InvestmentNews.
The fund is targeting a 6% annual yield after expenses.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...