DoubleLine repeats top ranking for mutual fund inflows

Jeffrey Gundlach
DoubleLine CEO Jeffrey Gundlach

DoubleLine Capital had the highest percentage increase in net inflows of any mutual fund company in 2012, the second year in a row that it topped the list, according to mutual fund research firm Strategic Insight.

DoubleLine Capital reached $41.7 billion in mutual fund assets under management at the end of 2012, a 129% increase in net inflows from the end of 2011, Strategic Insight said in a news release.

“We are very pleased and humbled by the confidence investors have placed in us,” said Ronald Redell, president of the DoubleLine Funds, the mutual fund arm of DoubleLine Capital, in a phone interview.

Mr. Redell said the firm's total AUM was more than $53 billion as of Dec. 31. That includes separate accounts, hedge funds, NYSE-listed closed-end funds and UCITS in Europe in addition to its mutual funds.

The second-largest percentage increase in mutual fund net inflows was at Brown Brothers Harriman, which reached $7.5 billion in mutual fund AUM as of Dec. 31, an 83% increase in net inflows from the prior year, according to Strategic Insight.

In third place were funds run by Stone Harbor Investment Partners, which ran $5 billion in mutual fund AUM of as Dec. 31, a 53% increase in net inflows from the prior year.

AQR Capital Management, with a 51% increase in net inflows to a total mutual fund AUM of $9.2 billion, and Robert W. Baird & Co., with a 36% increase to $7.8 billion, filled out the top five.