Wednesday, 27 August 2014
Last updated 6 hours 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.
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 ...