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Jeffrey Gundlach's DoubleLine Funds see 8th straight month of inflows
October 1, 2014 / 6:23 PM / 3 years ago

Jeffrey Gundlach's DoubleLine Funds see 8th straight month of inflows

NEW YORK, Oct 1 (Reuters) - Jeffrey Gundlach’s DoubleLine Funds, an investment firm that has been a major rival of Pimco, had its eighth consecutive month of inflows in September, with net inflows of $1.65 billion, more than double the amount the previous month.

DoubleLine Capital, based in Los Angeles, said on Wednesday its flagship DoubleLine Total Return Bond Fund ended September with net inflows of $1.32 billion, compared with $562 million in August, bringing the fund’s net inflow so far this year to $3.79 billion.

DoubleLine’s overall inflow of net $1.65 billion in September compares with net inflows of $697 million in August, DoubleLine said in a press release. (Reporting by Luciana Lopez; Editing by Diane Craft)

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