It has been a year since DoubleLine Capital LP entered the mutual fund arena. The MFWire.com checked in with Ron Redell, who, as president of DoubleLine's mutual fund business, led one of the most buzzed-about launches in the industry.

Ron Redell DoubleLine Funds President

DoubleLine now has roughly $6.6 billion of AUM across its four mutual funds, including $6.3 billion in its flagship, Total Return Bond. There are more than 100,000 shareholders in the DoubleLine funds.

"We'll continue to broaden out our distribution," Redell said.

Previously, DoubleLine had not focused on TAMPs and home office due diligence groups. Going forward, those will be among the firm's key areas of focus, Redell said. Other focus areas for DoubleLine are wirehouses, regional b-ds and RIAs, the 401(k) market and bank trust departments.

DoubleLine has 10 people in its client service team, including four wholesalers and a recently hired internal wholesaler. "Over time, we would like to add to the marketing and client service side," Redell said.

"We allocated a lot of our resources upfront on the investment management side to make sure we have great products out of the gate," he said.

DoubleLine has more than 50 employees.

The company has selling agreements with 130 firms. There are a total of around 1,200 eligible distributors.

The first two DoubleLine funds, Total Return Bond and Emerging Markets Fixed Income funds, came into existence on April 6 of last year. Then on June 1, DoubleLine launched Core Fixed Income. In February 15 of this year, the company rolled out Mutli-Asset Growth, the first in the lineup to carry a load share class.

DoubleLine also sub-advises a mutual fund for RiverNorth Capital, RiverNorth DoubleLine Strategic Income Fund, which launched December 30.

Redell said DoubleLine is looking to expand into Europe via a UCITS fund.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE