UPDATE 1-Gundlach's DoubleLine Funds post 14th month of net inflows

April 1, 2015 7:33 PM

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NEW YORK, April 1 (Reuters) - DoubleLine Funds, an investment firm that has been a major competitor to bond fund Pimco, on Wednesday reported a net inflow of $1 billion in March, their 14th consecutive month of inflows.

The Los Angeles-based firm, whose co-founder Jeffrey Gundlach is Bill Gross's fiercest rival in the bond market, said the DoubleLine Total Return Bond Fund, the firm's largest fund by total assets, also saw inflows in March.

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