Gundlach Remains Interested in Active ETFs
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Thursday, June 02, 2011

Gundlach Remains Interested in Active ETFs

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' Daisy Maxey.

Jeff Gundlach
DoubleLine Capital
"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.

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