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Toronto-based CI Financial Corp. announced on Thursday that DoubleLine Capital LP will serve as subadvisor for CI’s yet-to-be-released lineup of fixed income ETFs and mutual funds.

Based in Los Angeles, DoubleLine manages more than US$150 billion in assets. Its U.S. funds include the DoubleLine Total Return Bond Fund, the DoubleLine Core Plus Fixed Income Fund and the DoubleLine Fixed Income Fund.

“This new relationship is the latest step in delivering on CI’s strategic priorities of modernizing our asset management business and expanding our wealth management platform,” CI CEO Kurt MacAlpine said in a statement.