MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, April 27, 2011 DoubleLine's Mutual Fund Chief Talks Distribution It has been a year since DoubleLine Capital LP entered the mutual fund arena. The MFWire.com checked in with Ron Redell, who, as president of DoubleLine's mutual fund business, led one of the most buzzed-about launches in the industry.
"We'll continue to broaden out our distribution," Redell said. Previously, DoubleLine had not focused on TAMPs and home office due diligence groups. Going forward, those will be among the firm's key areas of focus, Redell said. Other focus areas for DoubleLine are wirehouses, regional b-ds and RIAs, the 401(k) market and bank trust departments. DoubleLine has 10 people in its client service team, including four wholesalers and a recently hired internal wholesaler. "Over time, we would like to add to the marketing and client service side," Redell said. "We allocated a lot of our resources upfront on the investment management side to make sure we have great products out of the gate," he said. DoubleLine has more than 50 employees. The company has selling agreements with 130 firms. There are a total of around 1,200 eligible distributors. The first two DoubleLine funds, Total Return Bond and Emerging Markets Fixed Income funds, came into existence on April 6 of last year. Then on June 1, DoubleLine launched Core Fixed Income. In February 15 of this year, the company rolled out Mutli-Asset Growth, the first in the lineup to carry a load share class. DoubleLine also sub-advises a mutual fund for RiverNorth Capital, RiverNorth DoubleLine Strategic Income Fund, which launched December 30. Redell said DoubleLine is looking to expand into Europe via a UCITS fund. Printed from: MFWire.com/story.asp?s=36654 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |
