Gundlach’s DoubleLine to Start Bond Mutual Fund With Aston
This article is for subscribers only.
DoubleLine Capital LP, the Los Angeles-based firm started by Jeffrey Gundlach, is joining with Aston Asset Management LP to open a bond mutual fund.
The Aston/DoubleLine Opportunistic Bond Fund will be managed by a team led by Gundlach and will be sold by Chicago-based Aston Funds, the companies said today in a statement. The fund, which the firms expect to open in July, will invest in mortgage-backed securities, U.S. and global government and corporate debt, high-yield and municipal bonds, according to a regulatory filing today.