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MFWire: TCW Funds, MetWest Funds
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TCW Investment Management
865 South Figueroa Street
Los Angeles, CA  90017
Google Maps

Main Phone: 213-244-0000
Web Site: http://www.tcw.com

Mutual Fund Brand(s)
TCW Funds, MetWest Funds

Research Links
  • SEC Fund Filings by CIK

  • Background:
    TCW Investment Management manages more than $135 billion in assets, offering mutual funds under the TCW and MetWest fund brands. Their portfolios focus on oil, gas and electric private placement debt and equity investments. For example, in their energy portfolios, investments include mezzanine loans, production payments, royalties and so on.

    On August 9, 2012, after months of rumors and speculation, freshly-IPOed private equity shop Carlyle Group announced a deal to buy 60 percent of TCW, via two Carlyle funds, while TCW employees and management will up their stake in TCW to about 40 percent. The deal is slated to close in the first quarter of 2013.

    In 2001, TCW was acquired by Societe Generale Asset Management (a division of France's Societe Generale). Following the January 2009 merger of the Societe Generale and Credit Agricole independent asset management business, Credit Agricole acquired a 20 percent stake in TCW. Prior to the Carlyle deal TCW remained an autonomous subsidiary of Societe Generele.

    Robert Day founded Trust Company of the West (TCW) in 1971 and remains the chairman of the asset manager. TCW became the third independent trust company in California in 1972 and in 1974 it merged with Shareholders Asset Management Company.

    TCW's mutual fund group were founded as the TCM Galileo Funds and rebranded as TCW Funds, Inc. in 2006.

    In September 2005, Robert Beyer succeeded Day as CEO until he retireed in 2009. Upon Beyer's retirement in July 2009 TCW's board named Marc Stern interim chief executive officer. Stern became permanent CEO in December. TCW had hired Stern as president in 1990 before naming him as vice chairman in 2005.

    David Lippman is now president and chief executive officer of TCW. He joined in 2009 during the acquisition of Metropolitan West Asset Management (MetWest).

    Acquisitions & Partnerships
    TCW partnered with Cursitor-Eaton to manage global asset-allocation portfolios 1987.

    It formed a mutual fund alliance with Dean Witter in 1992.

    DBL Americas Development Inc.
    TCW acquired DBL Americas Development in 1990. The business is known today as TCW Worldwide Opportunities.

    Dillon Read International Asset Management
    To expand globally, it purchased Dillon Read in 1993 and opened offices in London and Hong Kong.

    Crescent Capital
    West Los Angeles Leveraged Finance Group created in 1995 with the purchase of Crescent Capital.

    Buchanan Street Partners
    TCW acquired a majority interest in Buchanan Street Partners in 2007.

    Metropolitan West Asset Management
    In late 2009, TCW disclosed plans to buy Metropolitan West Asset Management, an income manager with $30 billion in assets, in the first quarter of 2010.

    DoubleLine Lawsuit
    In December 2011 TCW settled all claims against and from its former chief investment officer, Jeff Gundlach, Gundlach's colleagues, and Gundlach's new firm, DoubleLine Capital. The terms of the settlement were not disclosed.

    TCW fired Gundlach in December 2009, then accused him and his colleagues of swiping trade secrets on their way out. Gundlach and his colleagues counter-sued over the firing itself and unpaid wages. With roughly 40 former TCW professionals, Gundlach ultimately founded DoubleLine Capital

    Further Deals
    In December 2012, TCW partnered with Scoggin Capital to form TCW/Scoggin, which manages distressed and event-driven alternative investment strategies.

    In September, TCW acquired Beverly Hills, California-based Croton Equity Partners, a private equity firm with $242 million in assets.

    In January 2014, TCW partners with the boutique Emerging Global Advisors to launch three ETFs covering emerging markets debt.
    Sponsored Opportunities

    Key People:
    Robert Day
    Chairman, TCW
    Marc Stern
    Vice Chairman and CEO, TCW
    Michael Reilly
    Chief Investment Officer - Equities, Director of U.S. Equity Research, Group Managing Director, TCW
    Richard Villa
    Managing Director, Chief Financial Officer, TCW
    Michael Cahill
    Executive Vice President, General Counsel, TCW
    David DeVito
    Executive Vice President, Chief Administrative Officer, TCW
    Joseph Burschinger
    Executive Vice President, Chief Risk Officer, Head of Investment Operations, TCW
    Michael Conn
    Managing Director, Corporate Strategy, TCW
    Daniel Kale
    Manging Director, Director of Information Technology, TCW
    Hilary Lord
    Managing Director, Chief Compliance Officer, TCW
    Cheryl Marzano
    Managing Director, Head of Human Resources, TCW
    Peter Viles
    Senior Writer, Capital Group
    David Lippman
    Head of Fixed Income, Group Managing Director, TCW
    Story Archive for TCW Investment Management
    Published On Story Headline Publication
    5/20/2024 Passive Flows Plunge By $70B MFWire.com
    5/15/2024 Despite a $13B Drop, Vanguard Fourpeats MFWire.com
    5/7/2024 With a $244MM-AUM Dual Conversion, an ETF Lineup Grows to Five MFWire.com
    4/22/2024 Vanguard Regains the Lead With a $70B Q1 MFWire.com
    4/18/2024 A $204B-AUM AM Will Triple This Lineup MFWire.com
    3/26/2024 Active Inflows Return After a 28-Month Gap MFWire.com
    3/20/2024 Vanguard Stays In Front, Despite an $8B Drop MFWire.com
    1/24/2024 SSGA Takes the 2023 Crown After a Massive December MFWire.com
    12/13/2023 SSGA Wins With a $15.684B Inflows Jump MFWire.com
    11/28/2023 Active Outflows Grow By $23.4B, But ... MFWire.com
    11/20/2023 Schwab Pulls Ahead With $1.71B MFWire.com
    10/17/2023 An ESG Activist Investor Finalizes His ETF Exit MFWire.com
    7/26/2023 A $210B-AUM Fund Firm Will Buy Into the ETF Biz MFWire.com
    7/25/2023 Katie Adds a JPMAM Vet to TCW's Leadership Team MFWire.com
    7/21/2023 Midside Firms' Outflows Quadruple In Q2 MFWire.com
    4/21/2023 With $3B, Pacer Takes the 2023 Lead MFWire.com
    1/20/2023 ProShares Takes the Lead With $15B MFWire.com
    12/19/2022 Pacer Leads As Midsize Outflows Shrink By $5B MFWire.com
    11/16/2022 WisdomTree Repeats With $2.068B MFWire.com
    10/19/2022 WisdomTree Leads With $1.9B MFWire.com
    9/20/2022 $15B In Inflows In Eight Months MFWire.com
    9/6/2022 21 Years In, a $220B-AUM Firm's CEO Passes the Reins MFWire.com
    8/16/2022 ProShares Three-Peats, Netting About $3B MFWire.com
    7/21/2022 ProShares Leads As 17 Percent of Midsize Firms Win Inflows MFWire.com
    6/15/2022 ProShares Leads a Shrinking Midsize Winners List MFWire.com
    5/23/2022 Direxion Leads As the Midsize Winners List Shrinks MFWire.com
    4/18/2022 Bridge Builder's Inflows Quadruple, Breaking a 5-Month Schwab Streak MFWire.com
    3/15/2022 Schwab's Five-Month-Old Lead Widens MFWire.com
    1/19/2022 Schwab's Inflows Nearly Triple to $50B MFWire.com
    3/23/2021 Fidelity and Vanguard Led the Way In February MFWire.com
    3/15/2021 MF and ETF Inflows Quintuple MFWire.com
    3/12/2021 100 Fund Firms Win Big, With Morgan Stanley Leading the Pack MFWire.com
    8/14/2020 Inflows Fall 41 Percent MFWire.com
    6/15/2020 T. Rowe Leads This Abbreviated Awards Race MFWire.com
    3/6/2020 170 Fundsters Gather As 92 Fund Firms Win Big MFWire.com
    9/24/2019 Lord Abbett Takes the Active Lead MFWire.com
    9/17/2019 Active and Passive Both Suffered Billions In August Outflows MFWire.com
    6/14/2019 Baird Three-Peats MFWire.com
    3/8/2019 T. Rowe, Fidelity, Pimco and OpFunds Crush It In Gotham MFWire.com
    1/22/2019 88 Percent of Midsize Firms Suffered In December MFWire.com
    12/18/2018 A Wirehouse's Sibling Wins In November MFWire.com
    12/11/2018 Four Fund Firms Are Repeatedly Among the Best Workplaces MFWire.com
    11/20/2018 An Inverse Index Fund Specialist Takes the Lead MFWire.com
    10/9/2018 TCW Replaces an Embattled Board Member MFWire.com
    8/14/2018 Bridge Builder Keeps Dominating MFWire.com
    7/17/2018 A Fund-of-Funds Shop's Inflows Double MFWire.com
    7/12/2018 Proportionately, This Growth Shop Won May MFWire.com
    7/6/2018 Bridge Builder Takes the Lead MFWire.com
    6/29/2018 There's a New Reigning Champ Among Fund Firms MFWire.com
    6/20/2018 What Did This Ex-TCW PM Text? MFWire.com
    6/11/2018 Week In Preview, June 11-17 MFWire.com
    6/11/2018 Week In Preview, June 11-17 401kWire.com
    5/31/2018 Despite Slipping, an ETF Shop Keeps the Pole Position MFWire.com
    5/30/2018 BlackRock Beat Vanguard Last Month MFWire.com
    4/30/2018 Week in Preview, April 30-May 6 MFWire.com
    4/27/2018 As Long-Term Flows Rebound, Vanguard Keeps the Lead MFWire.com
    3/27/2018 Even Vanguard and BlackRock Took a Flows Hit MFWire.com
    3/20/2018 T. Rowe, Fido, and PrimeCap Lead This Pack MFWire.com
    2/28/2018 Nuveen, Vanguard, T. Rowe, and Fidelity Dominate in the Big Apple MFWire.com
    2/21/2018 Tirschwell Responds to TCW's Lawsuit Defense MFWire.com
    2/21/2018 TCW Pushes Back Against a Sexual Harassment Suit MFWire.com
    1/26/2018 An Ex-TCW PM Sues For $30MM, Alleging Sexual Harassment MFWire.com
    12/1/2017 Carlyle Sells a Piece of TCW and Gives Up Control MFWire.com
    9/28/2017 Will Another Japanese Giant Buy Into U.S. Asset Management? MFWire.com
    4/6/2017 Ivascyn Regains One of Pimco's Old Crowns, With a Newer Fund MFWire.com
    3/28/2017 Follow the Fundsters - March 28, 2017 MFWire.com
    3/24/2017 Vanguard, Nuveen, and Morgan Stanley Win Big in Gotham MFWire.com
    1/19/2017 Vanguard, BlackRock, and SSgA Won 2016 MFWire.com
    11/4/2016 Will TCW Take This Crown? MFWire.com
    10/3/2016 Filings for Fundsters - October 3, 2016 MFWire.com
    9/27/2016 Filings For Fundsters - September 27, 2016 MFWire.com
    7/19/2016 Only One Category of Active Funds Won In June MFWire.com
    6/17/2016 Three Fund Firms Brought In More than $2B Each In May MFWire.com
    5/16/2016 Seven Months and Counting: Vanguard Is Still On Top MFWire.com
    4/14/2016 DoubleLine, AB, and BlackRock Killed It In March MFWire.com
    3/23/2016 101 Fund Families Win in Gotham MFWire.com
    3/18/2016 DoubleLine and AB Crush It MFWire.com
    1/19/2016 Which Fund Firm Won 2015? MFWire.com
    1/4/2016 The Top Big Equity Fund of 2015 Is ... MFWire.com
    12/16/2015 M*: Vanguard and iShares Have Dominated This Year MFWire.com
    11/16/2015 Vanguard Retakes the Lead MFWire.com
    8/7/2015 Who Rakes In the Most Flows Per Fund? The Answer Won't Surprise You MFWire.com
    5/19/2015 111 Percent of Net Inflows Last Month Went Into Just Two Firms MFWire.com
    4/21/2015 Where Is Carlyle Putting Its Mutual Fund Chips? MFWire.com
    4/17/2015 7 Titans Swallow 88 Percent of Inflows MFWire.com
    4/1/2015 Cap Group, Fidelity, and Pimco Break Out the Champagne MFWire.com
    3/26/2015 Will Hodge Wear Sunglasses For M*? MFWire.com
    2/17/2015 Vanguard, TCW, and DoubleLine Win January MFWire.com
    1/14/2015 MetWest and Vanguard Had 2014's Hottest Funds MFWire.com
    12/5/2014 McCulloch Expands TCW's Retail Reach MFWire.com
    11/20/2014 Funds From MetWest, Dodge & Cox, BlackRock, DoubleLine and Baird Rake It In MFWire.com
    11/17/2014 Trust Company of the West Hunts ... in the West MFWire.com
    1/8/2014 TCW Enters ETF Space With Emerging Global Advisors MFWire.com
    12/31/2013 Baldiswieler Lands! MFWire.com
    12/31/2013 TCW Funds' Head Resigns MFWire.com
    11/4/2013 M* Awards More Medals MFWire.com
    10/31/2013 TCW's Risk Chief Fills Post at Guggenheim MFWire.com
    8/26/2013 IUniverse Hammers More Nails into Active Management's Coffin MFWire.com
    7/1/2013 TCW Launches Latest Emerging Markets Fund MFWire.com
    6/18/2013 TCW Adds a PM MFWire.com
    6/14/2013 TCW Hires a Wamco Exec as a MetWest Co-Founder Departs MFWire.com
    4/29/2013 WSJ Shouts Out to Funds that Ignore that Long-Term MFWire.com
    4/15/2013 M* Examines the Future of Fixed Income MFWire.com
    4/4/2013 A TCW Bigwig Retires MFWire.com
    3/28/2013 TCW Says Goodbye to a Managing Director MFWire.com
    3/15/2013 Who Cleaned Up At the 2013 Lipper Awards? MFWire.com
    2/15/2013 After TCW Sells, Heads Roll at SocGen MFWire.com
    2/11/2013 An Equity PM Leaves TCW MFWire.com
    2/6/2013 The TCW Deal … is Done MFWire.com
    1/22/2013 DoubleLine Grew the Fastest in 2012 MFWire.com
    1/22/2013 The TCW Sale is Almost Done MFWire.com
    1/17/2013 EIG Gave In. What Did Carlyle and TCW Give Up? MFWire.com
    1/15/2013 TCW Names a New General Counsel MFWire.com
    1/4/2013 The WSJ Lauds a Low Glitz, High Return Fixed Income Team MFWire.com
    1/2/2013 TCW Closes a Deal MFWire.com
    12/27/2012 TCW Closes Two Allocation Funds MFWire.com
    12/27/2012 Three TCW Bigwigs Step Down and One Steps Aside MFWire.com
    12/20/2012 Forbes Likes Five Funds for 2013 MFWire.com
    12/17/2012 Carlyle’s TCW Takeover Faces Another Obstacle MFWire.com
    12/17/2012 M* Lauds Pimco and TCW, But Not DoubleLine MFWire.com
    12/17/2012 Three Analysts Leave TCW MFWire.com
    12/7/2012 Gundlach Parties in TCW's Building MFWire.com
    12/3/2012 TCW Makes a Three-Pronged Alts Push MFWire.com
    12/3/2012 The TCW Deal Is Back On MFWire.com
    11/15/2012 Pimco Claims Vanguard's Fund-Flows Laurels MFWire.com
    11/9/2012 TCW Swaps Equity PMs MFWire.com
    11/7/2012 Federal Judge Blocks the TCW Sale, For Now MFWire.com
    9/21/2012 TCW Renews One Contract, But Is Gundlach Waiting to Pounce? MFWire.com
    9/20/2012 QE3 Is Heaven's Gift for Bond Kings MFWire.com
    9/13/2012 Will Gundlach Recruit More TCW PMs? MFWire.com
    8/10/2012 How Do an Olsen Twin and an Ex-Prez of France Tie In to the TCW Sale? MFWire.com
    8/9/2012 Carlyle Buys TCW MFWire.com
    8/1/2012 SocGen Writes Down TCW MFWire.com
    7/31/2012 French Workers Approve the TCW Sale MFWire.com
    7/6/2012 Is SocGen Down to One for TCW? MFWire.com
    6/28/2012 A Financial Diplomat Joins TCW MFWire.com
    6/25/2012 Did CDR and Warburg Drop Out of TCW's Auction? MFWire.com
    6/21/2012 Baldiswieler Plans Another Fund MFWire.com
    6/20/2012 Private Equity Players Circle TCW MFWire.com
    6/15/2012 Baldiswieler Touts TCW's Post-Gundlach Growth MFWire.com
    5/22/2012 TCW Total Return Outpaces DoubleLine MFWire.com
    4/17/2012 Gundlach Bristles at TCW Performance Boasts MFWire.com
    3/29/2012 TCW Lands an International Partnership MFWire.com
    3/14/2012 What Will TCW Launch Next? MFWire.com
    3/13/2012 TCW Bigwigs Talk About the Screaming Markets and the Hall of Mirrors MFWire.com
    1/10/2012 Gundlach & Stern BFFs? LMFAO! MFWire.com
    1/1/2012 TCW v. Gundlach: The Fight So Far MFWire.com
    12/29/2011 Gundlach and TCW Make Peace MFWire.com
    12/19/2011 Bruce Berkowitz and Bill Miller Find Coal in Their Stockings MFWire.com
    12/1/2011 SocGen Denies TCW Sale: Bankers Say Morgan Stanley is Making the Rounds MFWire.com
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