DoubleLine strikes deal with Allfunds in LatAm expansion move

Los Angeles-headquartered DoubleLine Capital has begun offering its Luxembourg-domiciled UCITS funds on the Allfunds Bank platform, an open architecture, worldwide distributor of funds in a bid to boost its presence in Latin America.

The $120bn AuM investment management firm said in a press release that the sub-funds of the DoubleLine Funds (Luxembourg) UCITS currently include the DoubleLine Shiller Enhanced CAPE equity sub-fund, which is co-managed by DoubleLine Alternatives LP and DoubleLine Capital LP, and DoubleLine Short Duration fixed income sub-fund, which is managed by DoubleLine Capital LP.

“Depending on an investor’s country of residence, the sub-funds are available via retail and institutional share classes denominated in various currencies,” said the release.

“Allfunds is very strong in markets like Chile, Peru, Argentina, Uruguay and Brazil. We’re looking to define our marketing strategy knowing they’re on that platform, which is a great advantage,” said Joel Peña, DoubleLine’s head of institutional and intermediary investor relations in Latin America and the Caribbean.

Allfunds Bank has more than $420bn assets under administration and offers more than 64,400 funds from over 1,200 fund managers.

Allfunds Bank Group has a local presence in Luxembourg, Switzerland, United Kingdom, Spain, Italy, United Arab Emirates, Singapore, Chile and Colombia and has more than 605 institutional clients from 45 different countries.

The release quoted Ron Redell, executive vice president of DoubleLine as saying: “Allfunds is one of the leading international distribution platforms. The availability of DoubleLine Funds (Luxembourg) on this distribution network is strategically important for DoubleLine’s UCITS funds global expansion.”

Pedro Gonçalves
Pedro Gonçalves is Financial Correspondent at International Investment.

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