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DoubleLine Capital co-founder: why the Fed will hold fire on rates rise

The Federal Reserve will avoid a significant rise in rates over the course of 2015 and investors need to position for nothing more than a ‘symbolic’ shift, according to Citywire AAA-rated Philip Barach.

Barach is co-founder and president of LA-based asset manager DoubleLine Capital, which is home to renowned bond manager Jeffrey Gundlach.

Speaking to Citywire Global, Barach explained how he has positioned his $1.45 billion Nordea 1 – US Total Return Bond fund to get the best of the mortgage-backed and agency-backed markets to generate yield in a low rates environment. Nordea outsource management of the fund to DoubleLine with Gundlach acting as co-manager.

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