DoubleLine suffers $1.45 bln outflow from U.S. mutual funds in June

NEW YORK, July 9 Tue Jul 9, 2013 11:13am EDT

NEW YORK, July 9 (Reuters) - DoubleLine Capital LP, the Los Angeles-based firm run by Jeffrey Gundlach, suffered its first-ever monthly outflows across U.S. mutual funds of roughly $1.45 billion in June, Morningstar said on Tuesday.

TCW, another Los Angeles-based investment firm, suffered outflows of $2.12 billion from its U.S. mutual funds last month, the most since December 2009, Morningstar said. Pimco, which suffered outflows of $14.5 billion from its U.S. funds in June, saw about $21.25 million leave its Pimco Total Return ETF in the first week of July, Morningstar added.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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