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DoubleLine Launches Low Duration Hedge Fund

New York (HedgeCo.net) – Los Angeles based hedge fund manager, the DoubleLine Funds Trust, has launched the DoubleLine Low Duration Bond Fund with two “no load” share classes: I shares and N shares.

“The new open-ended fund invests principally in debt securities.” Philip Barach, President and co-founder of DoubleLine, said, “Including corporate debt; asset-backed securities; foreign securities (corporate and government); emerging market securities (corporate and government); inflation-indexed bonds; bank loans and assignments; securitized products, including collateralized loan obligations; preferred securities; and other instruments bearing fixed or variable interest rates of any maturity.”

Share Class Information

I shares:  Minimum initial investment is $100,000 for regular accounts and $5,000 for Individual Retirement Accounts (IRAs). There is no annual 12b-1 fee.

N shares:  Minimum initial investment is $2,000 for regular accounts and $500 for IRAs. There is an annual 12b-1 fee of 0.25%.

DoubleLine Capital has assets under management of about $17 billion, invested via mutual funds, separate accounts and hedge funds. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest.

Alex Akesson
Editor for HedgeCo.net
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