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Rating:Gundlach Hires Three to Do Some Thinking Out Loud Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 16, 2014

Gundlach Hires Three to Do Some Thinking Out Loud

News summary by MFWire's editors

Imagine what it must have been like on stage as DoubleLine's Jeffrey Gundlach went gonzo on the drums for his band "Thinking Out Loud."

Now the founder of the burgeoning bond giant is going gonzo again, with another band of sorts, hiring three people to help rocket another DoubleLine explosion.

Reuters' Jennifer Ablan reports that DoubleLine has hired Gheorghe Rotar, as a mutual fund operations specialist; Christopher Von Bargen as an institutional sales representative responsible for the Southeastern United States, and Frederick Schachinger, also on the institutional market team, for the Northeast.

Ablan reports that Rotar was previously with Pimco.

He is the second such emigre from Bill Gross's bond giant.

Last month, DoubleLine had hired Ignacio Sosa, who was previously Pimco's executive vice president for global bond product management. He will now serve as director of DoubleLine's newly formed Product Solutions Group, according to Ablan. She reports that Pimco declined to comment.

According to Ablan, Rotar had supervised Pimco's funds operations department. He managed the alternative funds team, new employees, and handled cost and benefit analyses and executed cost cutting programs.

DoubleLine has some 114 employees and roughly $50 billion in AUM.  

Edited by: Tommy Fernandez

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