MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, August 4, 2020 Gundlach Elevates a Key, 16-Year Team Member A PM who has worked with a bond fund giant for 16 years is stepping up after a company co-founder left earlier this year.
Shinoda serves as a PM and on DoubleLine's fixed income asset allocation committee, and he's also head of DoubleLine's non-agency residential mortgage-backed securities team, . (Such securities accounted for 27 percent of the DoubleLine Total Return Bond Fund's AUM as of June 30.) Shinoda now co-PMs the fund alongside Eric Hsu (who became a co-PM of the fund a year ago) and Gundlach himself. The fund held more than $50 billion as of June 30, about 36 percent of DoubleLine's $138 billion in total AUM. Gundlach lauds Shinoda as "a key member of DoubleLine." "As was the case when Andrew Hsu was named a co-portfolio manager of the DoubleLine Total Return Bond Fund and Jeffrey Sherman was named co-PM of the DoubleLine Core Fixed Income Fund, Ken's designation by prospectus as a co-PM of the Total Return Bond Fund is an acknowledgment of duties he has been fulfilling for some years," Gundlach states. Sherman, for his part, lauds Shinoda as "a highly talented portfolio manager." An alumnus of USC, Shinoda joined TCW in 2004 and worked under Gundlach. Like many others on Gundlach's team, Shinoda left TCW in late 2009 and joined Gundlach's nearby new firm: DoubleLine. Printed from: MFWire.com/story.asp?s=61693 Copyright 2020, InvestmentWires, Inc. All Rights Reserved |
