Jeff Gundlach's DoubleLine Capital [see profile]
could be in the active ETF business in the first quarter of 2012. Los Angeles-based DoubleLine is in talks with "a few possible partners" to roll out active ETFs next year, reports Dow Jones'
| Jeff Gundlach|
"We don't know what strategies we'll run yet," DoubleLine Funds president Ron Redell
tells Maxey, adding that he anticipates Gundlach managing some of the active ETFs and Luz Padilla, head of the emerging-markets fixed-income team to run another.
The news should not come as a surprise to fundsters. Last summer, active ETF shop Grail Advisors
unveiled plans to launch a fixed income ETF that will be managed
by DoubleLine. Grail's fate, however, has since changed. Ameriprise's Columbia Management bought Grail Advisors this year, "thus placing any DoubleLine-managed
ETF on hold," Maxey notes.
Armie Margaret Lee
Stay ahead of the news ... Sign up for our email alerts now