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MFWire: TCW Funds, MetWest Funds
MUTUAL FUND FAMILY PROFILES [BETA]
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TCW Investment Management
865 South Figueroa Street
22FL
Los Angeles, CA  90017
Google Maps

Contact
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.

    Ownership
    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.

    History
    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
    Viles
    Head of Employee Communications, Farmers Insurance
    David Lippman
    Head of Fixed Income, Group Managing Director, TCW
    Story Archive for TCW Investment Management
    Published On Story Headline Publication
    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
    11/30/2011 What Will TCW Fetch? MFWire.com
    11/22/2011 TCW and DoubleLine Will Fight More Next Month MFWire.com
    11/17/2011 LA Mutual Fund Firms Get a Break MFWire.com
    11/15/2011 Vanguard Dominates Morningstar's New Ratings MFWire.com
    10/26/2011 TCW Returns to Court to Demand $81.7 Million in Royalties MFWire.com
    10/6/2011 A Vanguard Fund Tops Pimco and TCW Offerings MFWire.com
    10/3/2011 MetWest Debuts Its Maiden TCW Fund MFWire.com
    9/22/2011 TCW v Gundlach Will Resume on October 25 MFWire.com
    9/20/2011 Did Gundlach Win? MFWire.com
    9/19/2011 Will TCW Win $89 Million From DoubleLine? MFWire.com
    9/15/2011 TCW and Gundlach's Jury Deliberates MFWire.com
    9/14/2011 Gundlach and TCW Await a Verdict MFWire.com
    9/13/2011 Gundlach Talks About His Goldman Meeting MFWire.com
    9/12/2011 Ex-TCW Prez: It was Obvious Gundlach Was an At-Will Employee MFWire.com
    9/8/2011 Gundlach Returns to the Stand MFWire.com
    9/7/2011 SocGen Execs Also Talked About Ousting Gundlach MFWire.com
    9/7/2011 Pimco, Wamco, TCW, BlackRock Sat Down with S&P Prior to the Downgrade MFWire.com
    9/2/2011 Did Gundlach Sign a Contract With TCW? MFWire.com
    9/1/2011 An Ex-TCW Exec Compares Gundlach to Cancer MFWire.com
    8/30/2011 Gundlach Talked to Pimco in '09 About Succeeding Bill Gross MFWire.com
    8/26/2011 Did Gundlach Cost TCW $353M in Closed-End Fund Fees? MFWire.com
    8/25/2011 Stern Anticipated Saving $50M By Swapping Gundlach for MetWest MFWire.com
    8/19/2011 Stern Says Gundlach 'Was the Most Important Person' at TCW MFWire.com
    8/16/2011 Sold: Neuberger Berman Co-Founder's NYC Apartment Goes for $10.4 Million MFWire.com
    8/12/2011 Jeffrey Gundlach Takes the Witness Stand MFWire.com
    8/11/2011 Gundlach May Be Up Next MFWire.com
    8/10/2011 Will the European Crisis Produce Another Neuberger Berman? MFWire.com
    8/10/2011 What Will Gundlach Tell the Jury? MFWire.com
    8/5/2011 Santa Ana Says Gundlach Asked for TCW Data MFWire.com
    8/4/2011 Lingerie Heats Up the Fight Between Gundlach and TCW MFWire.com
    8/3/2011 VanEvery Says Gundlach Talked to Goldman MFWire.com
    8/2/2011 DoubleLine and TCW Fight Over a Flash Drive MFWire.com
    7/29/2011 TCW Says Gundlach Stole Its 'Recipe for Kentucky Fried Chicken' MFWire.com
    7/26/2011 The TCW v. Gundlach Trial Begins MFWire.com
    7/22/2011 TCW Can't Talk Porn or Pot in the Fight With Gundlach MFWire.com
    7/11/2011 Three Fund Firms Have Made Official IPO Plans: Who's Next? MFWire.com
    7/7/2011 TCW Expects Value From a Fund Merger MFWire.com
    7/6/2011 The TCW-DoubleLine Case is Still Going to Trial MFWire.com
    6/21/2011 Gundlach and TCW Prepare for a Trial MFWire.com
    5/18/2011 TCW Plans Two More 2011 Launches MFWire.com
    4/19/2011 New Absolute Return, International Funds Dot the Landscape MFWire.com
    4/18/2011 Stern Says TCW is Doing Better Than He Hoped MFWire.com
    3/1/2011 TCW Hires Away an OppFunds PM MFWire.com
    2/23/2011 Touchstone Drops TCW as a Sub-Advisor for its Mid-Cap Growth Fund MFWire.com
    2/18/2011 TCW Closes a $1B Fund to New Investors MFWire.com
    1/21/2011 DoubleLine Scores a Win Against TCW MFWire.com
    12/10/2010 The Latest Chapter in the TCW-Gundlach Drama Makes it to the Pages of the WSJ MFWire.com
    12/9/2010 Jeff Gundlach Bristles at TCW's Words MFWire.com
    12/8/2010 TCW-Gundlach Divorce Catches the Justice Department's Eye MFWire.com
    12/2/2010 TCW Fires a Fresh Shot in Gundlach's Direction MFWire.com
    11/1/2010 TCW Unveils a New Growth Fund MFWire.com
    9/27/2010 Don't Worry If Your Bond Fund 'Only Moved Down a Notch' MFWire.com
    7/28/2010 TCW Inks a Deal MFWire.com
    7/26/2010 TCW's Stern: Post-Gundlach Work is Fun Again MFWire.com
    7/1/2010 French Authorities Spare TCW's Founder MFWire.com
    6/21/2010 "What the Hell am I Going to Do?" MFWire.com
    6/21/2010 Is LA 'the Bond Capital of the United States?' MFWire.com
    6/10/2010 Morningstar Sees a 'More Shareholder-Focused' TCW MFWire.com
    5/3/2010 TCW Employees Gain a 20 Percent Stake and a Bigger Slice of Fees MFWire.com
    4/14/2010 Gundlach Hires an Ex-TCW Employee, Again MFWire.com
    4/5/2010 Jeff Gundlach Sets a Date MFWire.com
    3/17/2010 A Director Finds an Alternative to TCW MFWire.com
    3/10/2010 Fortune Talks to the Former '$70 Billion Man' MFWire.com
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