What better way to celebrate stunning growth in assets under management than with another new fund? That seems to be the thinking for DoubleLine Capital LP, which recently filed with the Securities and Exchange Commission.

DoubleLine Floating Rate Fund, which the fund shop filed for on Nov. 16, 2012, will seek a high level of current income by investing in bank debt. However, the fund's investment objective is non-fundamental, meaning it can be changed without shareholder approval.

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