A bigger relationship management force and more smart beta offerings are what you might see from the DoubleLine Capital [profile] team in 2015.

"We're expanding our global relationship management group over the next year," Ron Redell, president of DoubleLine Funds, tells MFWire.

That team has seven people now, Redell says, and he's looking to double that within a year.

On the product development side, on Monday DoubleLine will launch its 11th open-end mutual fund (its 10th available to the public), the DoubleLine Long Duration Total Return Bond Fund. DoubleLine chief Jeffrey Gundlach himself and mortgage-backed securities PM Vitaliy Liberman will PM the new fund.

"We think we're offering a unique product where it'll primarily be invested in agency mortgage-backed securities," Redell says.

Looking ahead, Redell sees a "great opportunity in the traditional smart market." That area is already yielding fruit for DoubleLine. A year ago DoubleLine teamed up with Nobel prize-winning economist Robert Shiller to launch the DoubleLine Shiller Enhanced CAPE Fund. That fund is now in the top one percent of large-cap value funds by performance. 

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