The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Allies Before Acquisitions Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 23, 2018

Allies Before Acquisitions

Reported by Neil Anderson, Managing Editor

When it comes to strategic growth efforts, Jeffrey Gundlach and his DoubleLine Capital [profile] team prefer to start with alliances, not acquisitions. Yet that doesn't mean M&A is off the table for the Los Angeles-based asset manager.

"Our strategic partnerships have been a great way to build the firm out," Ron Redell, president of DoubleLine Funds and executive vice president of global relationship management, tells MFWire. For example, he notes that subadvisory business is now the second largest piece of the DoubleLine pie (first is its proprietary mutual funds).

"Instead of looking for acquisitions, we continue to look for strategic partnerships where it makes sense," Redell adds. "The best way to know if you have good alignment is to partner first before you look at doing anything else."

DoubleLine has no current M&A projects, Redell says, though the DoubleLine team is "always willing to listen" to acquisition opportunities. Indeed, he also predicts continued asset management industry consolidation in light of active asset managers' recent woes and the continued rise of passive. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use