and his team just passed $50 billion in assets under
management. Los Angeles-based DoubleLine Capital
the AUM milestone yesterday, just under three years after Gundlach launched
the fixed income mutual fund shop in December 2009.
According to the release, DoubleLine now boasts a team of 78.
Company Press Release
DoubleLine Capital Reaches $50 Billion in Assets under Management
Wednesday, Nov. 14, 2012 - 8:46 am
LOS ANGELES, Nov. 14, 2012 -- DoubleLine Capital LP has reached $50 billion in
assets under management (AUM), less than three years after the investment
management company was founded on December 14, 2009.
"DoubleLine has reached a major milestone in exceeding $50 billion in AUM,"
said Jeffrey Gundlach, Chief Executive Officer and Chief Investment Officer of
DoubleLine. "We have achieved this result in under three years thanks to the
tremendous support of our many valued investors. I believe DoubleLine's future
success lies in our commitment to deliver a superior investment experience to
clients in terms of both performance and communication."
DoubleLine employs 78 people in investment, risk management, client service,
legal/compliance, accounting and human-resources departments. The firm has
investment specialists in nearly all fixed-income sectors and in active asset
allocation across bond, stock, currency and commodity markets. DoubleLine is
majority-owned by its employees; Oaktree Capital Management holds a minority
Clients can employ DoubleLine's management services via a variety of vehicles.
In the United States, DoubleLine manages mutual funds, a closed-end fund
listed on the New York Stock Exchange, separate accounts and hedge funds. For
clients outside the U.S., DoubleLine manages limited-partnership commingled
accounts, separate accounts and Luxembourg-registered UCITS funds.
About DoubleLine Capital LP
DoubleLine Capital LP, a registered investment adviser under the Investment
Advisers Act of 1940. DoubleLine manages $50 billion in assets held in closed-
and open-end 1940 Act funds, separate accounts, hedge funds and UCITS.
DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by
telephone at (213) 633-8200 or by e-mail at firstname.lastname@example.org. Media can
reach DoubleLine by e-mail at email@example.com.
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