(Bloomberg) -- Team a top-ranked bond manager with a Nobel Prize-winning economist, and you might just have a shot at beating the stock market.

That's what DoubleLine Capital, co-founded by bond investor Jeffrey Gundlach, did for its DoubleLine Shiller Enhanced CAPE fund, the firm's biggest mutual fund that's measured against the S&P 500 Index. The fund places most of its money in a fixed-income portfolio run by Gundlach and co-manager Jeffrey Sherman, while using swaps to invest in large-cap equity sectors that are undervalued based on an index devised by economist Robert Shiller.

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