Record inflows for Gundlach's DoubleLine

Jeffrey Gundlach, CEO of DoubleLine Capital, is betting that the best way to play the coming rate hikes is by holding lots of mortgages.
Harriet Taylor | CNBC

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.