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Funds
DoubleLine launches closed-end credit fund
Friday, January 27, 2012
DoubleLine Capital, the manager set up by former TCW fixed income head Jeffrey Gundlach, has announced that it has completed the IPO of a New York Stock Exchange-listed closed-end fund, the DoubleLine Opportunistic Credit Fund. The manager raised $375 million in capital in an offering led by Wells Fargo. The fund’s strategy will range from mortgage-backed debt to investment grade corporate and will also including emerging market credit.
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CLO index levels:
| Index | 20 Feb |
|
| CFlux USD AAA | ↓ | 94.9 |
| CFlux USD AA | ↑ | 86.5 |
| CFlux USD A | ↑ | 77.4 |
| CFlux USD BBB | ↑ | 74.1 |
| CFlux USD BB | ↑ |
72.7 |
| CFlux USD EQ | ↓ | 70.4 |
