Gundlach's DoubleLine sees worst outflows since 2014 'taper tantrum'

DoubleLine Capital on Friday said its funds had collectively posted a net outflow of $990.5 million in November, the first month that share redemptions exceeded subscriptions since January 2014, during the Federal Reserve's so-called "taper tantrum." Tracking the trend of the overall market, the fund's bond portfolios saw particular outflows, with the DoubleLine Total Return Bond Fund - the firm's largest fund by assets, with $59.2 billion - seeing $1.4 billion in outflows over the month, the third largest monthly outflows in the fund's history. Bonds saw heavy selling in November, especially ......(read more)

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