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Gundlach’s Hedge Fund Said to Rise 28% on Mortgage-Backed Bonds

Bloomberg – Jeffrey Gundlach’s hedge fund has gained 28 percent since its Sept. 1 start, driven by bets on mortgage-backed securities, according to an investor briefed on the returns.

The DoubleLine Opportunistic Income Fund, which invests in fixed-income securities, is up 16 percent through the first half of the year, net of fees, said the investor, who asked not to identified because the information is private. The Los Angeles- based fund gathered $566 million in investor deposits as of June 14, according to filings with the U.S. Securities and Exchange Commission.

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