DoubleLine Floats Strategic Income Fund

Hedge fund firm, DoubleLine Capital, has launched its second portfolio in a joint-venture with RiverNorth Capital Management.

Hedge fund firm, DoubleLine Capital, has launched its second portfolio in a joint-venture with RiverNorth Capital Management. The RiverNorth DoubleLine Strategic Income Fund is designed to capitalize on market inefficiencies in both closed-end funds and the fixed-income markets.The portfolio, which was launched in December 2010, will be managed by DoubleLine or its founder Jeffrey Gundlach, former CIO of TCW Group. The vehicle is targeting a 6% annual yield after expenses.

Click here for the story from FINalternatives.

Click here for additional coverage from Investment News.