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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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