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

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

Rating:Is a DoubleLine Co-Founder Saying Goodbye? Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, December 17, 2019

Is a DoubleLine Co-Founder Saying Goodbye?

News summary by MFWire's editors

Jeffrey Gundlach's right hand may soon be riding off into the sunset.

Philip A. Barach
DoubleLine Capital
President, Co-Founder
Phil Barach, co-founder and president of Los Angeles-based DoubleLine Capital [profile] and co-PM of its flagship DoubleLine Total Return Bond Fund, will retire at the end of April next year, Reuters reports. The wire service cites a letter Gundlach sent to clients, a letter celebrating the fixed income-focused asset management firm's 10th anniversary.

Barach co-PMs the fund alongside Gundlach, DoubleLine's chief and founder, and Andrew Hsu, head of asset-backed securities and infrastructure investments.

Gundlach and Barach launched DoubleLine in December 2009 after leaving TCW. Since then, the employee-owned firm has grown to $147 billion in AUM, as of September 30, 2019, and 255 employees (including 150 investment professionals).

An alumnus of the Hebrew University of Jerusalem, spent more than 23 years at TCW, where he co-founded the mortgage group. Earlier on, he worked with Sun Life and CalPERS. 

Edited by: Neil Anderson, Managing Editor

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