DoubleLine Capital today announced it launched two open-end fixed-income mutual funds.
CEO Jeffrey Gundlach will be lead portfolio manager of the DoubleLine Total Return Bond fund, with President Philip Barach also serving as portfolio manager. The second fund, DoubleLine Emerging Markets Fixed Income Fund, will be managed by Luz Padilla, head of emerging markets fixed income.
The total return fund will invest primarily in mortgage-backed securities, according to a DoubleLine news release.
Mr. Gundlach was CIO of fixed income at TCW before he was ousted in December, Mr. Barach was managing director of the TCW mortgage-backed securities group, and Ms. Padilla was head of TCW’s emerging markets fixed-income group.
DoubleLine officials were not available for comment on the new funds.