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Gundlach’s Total Return Fund Sees First Outflow Since 2014

FYI: Investors pulled $33.2 million from Jeffrey Gundlach’s DoubleLine Total Return Bond Fund in October, the first outflow since January 2014.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-11-01/gundlach-s-total-return-fund-hit-with-first-outflow-since-2014

Comments

  • (1) ytd, I think it would be fair to say that performance has been below the expectations of most investors in the fund;
    (2) he has said, on numerous occasions, almost since inception in fact, that DoubleLine would consider a soft close for this vehicle at around $50B, and we be over $61B and no talk of holding the fund's size in check yet, so...... what's up with that? Maybe it's time for investors to do some trimming/slimming.
  • Could be a little on the late side. The fund's been positioned conservatively on both rates and credit for a while, and since the turn in rates, it's top decile again if you judge it as a core intermediate fund.
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