A bigger relationship management force and more smart beta offerings are what you might see from the DoubleLine Capital
] team in 2015.
"We're expanding our global relationship management group over the next year," Ron Redell
, president of DoubleLine Funds, tells MFWire
That team has seven people now, Redell says, and he's looking to double that within a year.
On the product development side, on Monday DoubleLine will launch
its 11th open-end mutual fund (its 10th available to the public), the DoubleLine Long Duration Total Return Bond Fund
. DoubleLine chief Jeffrey Gundlach
himself and mortgage-backed securities PM Vitaliy Liberman
will PM the new fund.
"We think we're offering a unique product where it'll primarily be invested in agency mortgage-backed securities," Redell says.
Looking ahead, Redell sees a "great opportunity in the traditional smart market." That area is already yielding fruit for DoubleLine. A year ago DoubleLine teamed up with Nobel prize-winning economist Robert Shiller
to launch the DoubleLine Shiller Enhanced CAPE Fund
. That fund is now in the top one percent
of large-cap value funds by performance.
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