Gundlach To Oversee $450 Million For Prudential

Jeffrey Gundlach is to use his flagship DoubleLine Total Return Bond Fund Class I (MUTF:DBLTX)’s strategy for Prudential PLC (PUK)’s Jackson National Life Insurance. Jeffrey Gundlach, chief of DoubleLine Capital LP, has begun managing a variable annuity using his flagship’s strategy. $450 Million Mandate DoubleLine received a $450 million mandate from Jackson for the Curian/DoubleLine Total Return Bond Fund Class I (MUTF:DBLTX), which plans to invest more than half of its assets in mortgage-backed securities. Besides this, the fund can also invest in other asset classes including junk bonds, bank loans and credit default swaps. The unit of London-based Prudential…