A bond manager and an academic have joined forces to create one of the top-performing large-cap value equity funds of 2014.The tie-up between DoubleLine, founded in 2009 by former TCW Group CIO Jeffrey Gundlach, and Yale University economics professor Robert Shiller on the DoubleLine Shiller Enhanced CAPE fund shows how the asset management industry is battling investor disillusionment with active managers by introducing so-called smart beta products. It also reveals how one firm is trying to avoid common behavioral mistakes by programming rules into quantitative algorithms to build portfolios.
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