MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, January 14, 2010 Whom Will Gundlach Tap For Fund Accounting? Jeff Gundlach and his team may be on the hunt for a fund accounting firm. Gundlach and DoubleLine filed with the SEC Tuesday, seeking approval for the DoubleLine Total Return Bond Fund, DoubleLine Core Fixed Income Fund, and DoubleLine Emerging Markets Income Fund. So far DoubleLine has named a fund administrator, a distributor, legal council and a transfer. Yet, the filing lists no independent registered public accounting firm. A representative from DoubleLine declined to comment for this story, citing a quiet period related to the filing. The three new bond funds will be the first from DoubleLine capital, which opened shop in early December. Quasar Distributors will be the distributor for the funds. US Bancorp Fund Services will act as the administrator and transfer agent for the new funds, and US Bank will be the custodian. Currently, no accounting firm has been named. Cadwalader, Wickersham & Taft are listed as legal council. The three funds, which will be managed by Gundlach, Philip Barach, and Luz Padilla, strategically mimic corresponding TCW bond funds that the three previously managed. Gundlach and his management team made a name for themselves at their old firm through their success with the TCW Total Return Bond, the TCW Emerging Markets Income Fund and the TCW Core Fixed Income Fund. Expect the management team to use similar strategies to the ones that earned the funds four and five-star Morningstar ratings, and Gundlach a manager of the year award. Printed from: MFWire.com/story.asp?s=23907 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |