UPDATE 1-DoubleLine hires Pimco exec for new bond product team
April 21, 2014 at 09:36 AM EDT
NEW YORK, April 21 (Reuters) - DoubleLine Capital, the bond management firm run by Jeffrey Gundlach, said on Monday it had hired an executive from rival Pimco to run a new unit focused on developing new investment products and lines of business, particularly outside the United States.