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A Gundlach Equities Guru Will Grow Elsewhere

FYI: Husam Nazer, Manager, of the DoubleLine Equities Small-Cap Growth Funds, is leaving as of June 30.
Regards,
Ted
http://www.mfwire.com/common/artprint2007.asp?storyID=48919&wireid=2

M* Snapshot Of DBESX: http://quotes.morningstar.com/fund/f?t=DBESX&region=usa&culture=en-US

Comments

  • Any word of what the new venture will be?
  • I'm not sure whether to read DoubleLine's decision to liquidate the fund as "principled effort to protect our investors" or an ill-natured temper tantrum. Hmmm...

    David
  • Why would anyone go to a bond-house for an equity fund to begin with? And what is the success of this manager mentioned in the article? FWIW, M* rates this fund in the 79th percentile over the last year. 97th YTD!!!
  • edited June 2014
    The Shiller Enhanced CAPE fund (DSENX) seems more in the Db'line wheelhouse, vs. a straight actively-managed equity fund. It's a formulaic sector-rotation stock strategy represented by derivatives, backed by a Gundlach bond strategy ... broadly similar to the Pimco PLUS funds.

    P.S. Anyone who's ever had athlete's foot won't have any trouble remembering the ticker ...
  • Ya, I noticed the sub-par numbers. Official goodbyes are always full of nice-speak and good wishes lingo. That pretty much means zero to me.....

    ...Come to think of it, wasn't there an unexpected move re: Philip Barach, too, a while ago? I could have this confused with goings-on in SFGIX, though... I see Barach is co-manager at DL DLTNX, but not the so-called core fund, DLFNX. Or maybe this is just all noise, guys. Sorry.
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