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 |
|
Tuesday, September 16, 2014 After Backing DoubleLine, a $91B Shop Plants Two Mutual Fund Seeds A $91-billion manager that specializes in investing in distressed debt is poised to enter the retail mutual fund business. Yesterday Los Angeles-based Oaktree Capital Group filed to create two mutual funds, the Oaktree High Yield Bond Fund and the Oaktree Emerging Markets Equity Fund, with institutional and advisor shares for each [see the N-1A]. Miles Weiss at Bloomberg reported on the news. Bloomberg reports that, as of June 30 of this year, Oaktree worked with about $91 billion, about six percent of which is on behalf of high net worth investors and family offices, and seven percent of which is money Oaktree sub-advises for mutual fund shops, including Vanguard. Fundsters may recognize Oaktree as the firm that took a minority stake in Jeff Gundlach's then-freshly-launched bond fund shop DoubleLine [profile] almost five years ago. Printed from: MFWire.com/story.asp?s=49668 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |