September was a rough month for Jeff Gundlach and his team. Reuters reports that, according to Morningstar data, $2.1 billion net flowed out of Gundlach's flagship DoubleLine Total Return Bond Fund [profile] last month. $1.7 billion net flowed out of the Los Angeles-based bond manager's open-end mutual funds (so $400 million net flowed into DoubleLine's other open-end funds). Yet DoubleLine Total Return is up 0.3 percent year-to-date, ahead of 95 percent of the pack. 

Edited by: Neil Anderson, Managing Editor


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