New York (HedgeCo.net) – The DoubleLine Total Return Bond Fund has reached $10 billion in assets under management, just 16 months after its launch in April 2010. Assets under management at DoubleLine now total $15 billion across a range of mortgage-backed securities, broad fixed income and multi-asset strategies.
“Markets have been difficult and volatile since the founding of DoubleLine,” Jeffrey Gundlach, Chief Executive Officer said. “We have worked very hard to meet our clients’ needs, striving for capital preservation and return. And we will continue to do so.”
DoubleLine manages mutual funds, separately managed accounts and hedge funds. Jeffrey Gundlach, Chief Executive Officer of DoubleLine Capital LP, and Philip Barach, President of the firm, manage the DoubleLine Total Return Bond Fund (I shares DBLTX; N shares DLTNX). The open-end fund I-share class is ranked number one, its N-share class ranked number two, for the one-year period ending July 29, 2011 in the Morningstar’s Intermediate Term Bond Fund category out of 1,161 funds, based on total returns. Both share classes in the fund ranked in the top 1% of all funds ranked for the same period.
Alex Akesson
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