Sunday, 21 December 2014
Last updated 1 day ago
Oct 3 2011 | 12:57pm ET
DoubleLine Capital, the hedge fund founded by former TCW Group chief investment officer Jeffrey Gundlach, has launched a new bond fund.
The DoubleLine Low Duration Bond Fund is an open-end mutual fund available in two share classes, with a minimum investment as low as $500 for investment retirement accounts. Both share classes have no load.
"The new open-ended fund invests principally in debt securities," Philip Barach, president of the firm, said. "Including corporate debt; asset-backed securities; foreign securities (corporate and government); emerging market securities (corporate and government); inflation-indexed bonds; bank loans and assignments; securitized products, including collateralized loan obligations; preferred securities and any other instruments bearing fixed or variable interest rates of any maturity."
Last month, a Los Angeles jury found that Gundlach breached his fiduciary duty to TCW and misappropriated that firm's trade secrets in founding TCW, although it also awarded him $66.7 million in unpaid wages. TCW plans to seek $89 million in damages.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.