Products June 1, 2010

DoubleLine Launches Core Fixed Income Fund

DoubleLine Funds Trust has launched the DoubleLine Core Fixed Income Fund.
Reported by

The open-end mutual fund is managed by Lead Portfolio Manager Jeffrey Gundlach, CEO of DoubleLine Capital LP, adviser to the DoubleLine Funds. The fund’s objective is to maximize current income and total return.

According to a press release, the investable universe of the DoubleLine Core Fixed Income Fund encompasses diverse sectors of the bond market. Investable asset classes include U.S. Government (Treasuries), Agency mortgage-backed Securities (Agency MBS), non-Agency MBS, commercial MBS, global developed credit (including investment-grade and below-investment grade corporate securities), and emerging markets debt. 

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The public is invited to a Webcast presentation regarding the fund and question-and-answer session at 1:15 pm PT/ 4:15 pm ET, Thursday, June 3. The Webcast is available at http://video.webcasts.com/events/pmny001/viewer/index.jsp?eventid=35020.

Deals & People June 1, 2010

MFC Global Investment Management Announces New Hires

MFC Global Investment Management (MFC GIM), the asset management arm of Manulife Financial Corporation, announced two new hires to its Boston-based teams.
Reported by

Nancy C. Irving has been named a managing director, Institutional Sales, responsible for the East Coast sales territory. She reports to Frank Saeli, global head of Sales and Relationship Management for MFC GIM.  

David W. Zielinski joins as a director and product manager for the firm’s U.S. fixed-income area, reporting to Jeffrey Santerre, managing director and global head of Product Management.  

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According to the announcement, Irving joins MFC GIM from Congress Asset Management in Boston, where she was vice president of Institutional Sales. Prior to that, she held senior sales positions with The Boston Company Asset Management/Mellon Financial in Boston. She began her career at Bank of New England and has more than 20 years of experience in the financial services industry.  

Zielinski most recently was a vice president and senior product engineer, Global Fixed Income, at State Street Global Advisors (SSgA). Prior to that, he was a portfolio manager in currency management with SSgA. He began his career with MassMutual Financial Group as an investment analyst, and later worked at Babson Capital Management as an investment analyst in quantitative management.  

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