DoubleLine, ALPS Top Mutual Fund List

DoubleLine Capital and ALPS Advisors topped Strategic Insight's list of fastest growing mutual fund managers in 2012.

According to Strategic Insight, Jeffrey Gundlach’s firm pulled in $22.3 billion in mutual fund assets bringing the firm’s total mutual fund assets to $41.7 billion. ALPS doubled up on its passive mutual fund assets in 2012, bringing its total to $5.8 billion.

“During 2012 fund managers across a wide range of strategies and size benefitted from rapid expansion of their assets and clients’ relationship,” noted Avi Nachmany, Strategic Insight’s Director of Research, in a statement. “In 2013 we expect the range of participating managers to expand further as demand for equity funds increases.”

Ron Redell, President of the DoubleLine Funds Trust, said: “We’re very pleased of the confidence that investors and advisors have placed on us. Growth has been exceptional since we launched in 2010 and advisors have seen the value-add of Jeffrey Gundlach the last two years.”

Last month, DoubleLine raked in another $1 billion in mutual fund assets bringing its total assets to $53 billion, said Redell. However, he added that the firm expects its growth to moderate this year. The firm last month launched a new unit and a trio of funds to bet on equities.

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