Gundlach, State Street Launch Total Return ETF


Gundlach, State Street Launch Total Return ETF

State Street (STT) and DoubleLine Capital launched an ETF Tuesday, hoping to capitalize both on the continuing outflows from products sold by fixed-income rival PIMCO and the growth in DoubleLine’s popularity. The new fund is called the SPDR DoubleLine Total Return Tactical ETF (TOTL). “We view this as a unique offering that pairs SPDR’s experience as…

Canyon Distressed Opportunity Fund likes the backdrop for credit

CanyonThe Canyon Distressed Opportunity Fund III held its final closing on Jan. 1 with total commitments of $1.46 billion, calling half of its capital commitments so far. Canyon has about $26 billion in assets under management now. Q4 2020 hedge fund letters, conferences and more Positive backdrop for credit funds In their fourth-quarter letter to Read More

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