Former TCW Investments employees led by TCW CIO Jeffrey Gundlach founded DoubleLine in January 2009. Gundlach and Philip A. Barach hold a combined controlling interest in the firm. Private equity specialist Oaktree Capital Management, L.P., assisted DoubleLine in its startup and holds a minority ownership stake.
DoubleLine registered the DoubleLine Funds Trust with the SEC as a vehicle for its first mutual funds on January 12, 2010.
The firm launched the Total Return Bond [DLTNX] and Emerging Markets Fixed Income [DLENX] funds on April 6, 2010 and rolled out the Core Fixed Income [DLFNX] fund on June 1.
On July 16, it filed with the SEC to launch DoubleLine Multi-Asset Growth Fund [no ticker], its first fund investing in equities and bonds.
TCW Lawsuit
Trust Company of the West sued DoubleLine and four employees (including Jeffrey Gundlach), alleging unfair competition and misappropriation of confidential and proprietary information. The lawsuit seeks, among other things, damages in excess of $200 million and a constructive trust on the limited partnership interests of DoubleLine in favor of Trust Company of the West.
The mutual fund trust is not a party to the litigation.
Sponsored Opportunities
Key People:
Jeffrey E Gundlach CEO, DoubleLine Capital
Philip A Barach President, Doubleline Capital
Ronald R Redell President, DoubleLine Funds
Gregory W Ward Chief Financial Officer, Doubleline
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