DoubleLine Launches Bond Mutual Fund

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.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note