Gundlach's DoubleLine Capital Grew To $95 Billion In March

Ted

FYI: Los Angeles-based firm added $10 billion in first quarter.

Total Return Fund increased to $57.6 billion on mortgage bet.

DoubleLine Capital, the Los Angeles-based investment firm headed by Jeffrey Gundlach, increased assets under management to $95 billion at the end of March, according to an e-mail from company analyst Loren Fleckenstein, $10 billion more than the firm reported Dec. 31.

The flagship DoubleLine Total Return Bond Fund, which invests primarily in mortgage-backed securities, climbed to $57.6 billion in assets, and has returned 1.75 percent so far in 2016, according to data compiled by Bloomberg.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-04-01/gundlach-s-doubleline-capital-grew-to-95-billion-in-march

AndyJ

Interesting that JG's old mostly-mortgage, total return fund TGLMX has basically kept up with DoubleLine TR on return and risk, and has much lower a.u.m. I'd be tempted to put new money into the TCW fund.

expatsp

@AndyJ Since JG left, TGLMX has been managed by the same team that managed MWTRX, so they're really dealing with more or less the same a.u.m. all told.

AndyJ

Hi expat, true enough, but then to get an equivalent figure for Gundlach, we'd need to add in all the other mortgage-related investments in the strategies he runs, e.g., his other open-end & closed-end funds, the etf, his share of RNDLX and other sub-advised vehicles, and so on.

In any case, I was surprised to see how well TGLMX has kept up with DBLTX.