Jeffrey Gundlach's DoubleLine opens its first alternatives fund
DoubleLine Capital, the fast-growing mutual fund firm run by Jeffrey E. Gundlach, opened its first commodities-based investment product to advisers Monday.
The DoubleLine Strategic Commodity Fund comes during a brutal period for assets in the category, from oil, natural gas and gold to copper, cocoa, coffee and corn. All have seen their values on the open market slashed in the last year. And money managers have struggled to contain the damage: The average U.S. mutual fund tracking the market lost 14.5% of its value this year, through Friday, according to Morningstar Inc.
