Jeff Gundlach's DoubleLine Capital is raking in cash despite uncertainty about the bond market.
DoubleLine's mutual funds took in assets of $3.04 billion in January, a record monthly net inflow for the money manager since it opened to investors in April 2010, according to data disclosed by the firm. The previous largest inflow was $2.67 billion in February 2012.
Gundlach's largest offering, the DoubleLine Total Return Bond Fund, also had a record amount of money come in over January. The fund had a net inflow of $2.59 billion for the month, exceeding the previous record of $2.40 billion in February 2012. The fund, which has significant investments in mortgage-backed securities, has $43.6 billion in assets.