In early 2022, the DoubleLine team moved their headquarters to Tampa. Yet DoubleLine's chief is not making the move, and the firm maintains an office in LA, its original home town.
Former TCW Investments employees led by ex-TCW CIO and star bond fund PM Jeffrey Gundlach founded DoubleLine in December 2009. Since then, DoubleLine has become the hottest-selling and fastest-growing mutual fund shop in the business.
Gundlach and Philip A. Barach hold a majority interest in the employee-owned 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.
In 2010, the firm launched the Total Return Bond [DLTNX] and Emerging Markets Fixed Income [DLENX] funds on April 6, and rolled out the Core Fixed Income [DLFNX] fund on June 1.
In 2011, DoubleLine debuted its Multi-Asset Growth Fund, its first fund investing in equities and bonds, on February 16. And on September 30 of the same year DoubleLine released its Low Duration Bond Fund.
TCW and DoubleLine Fight in Court
A month after DoubleLine launched, Trust Company of the West sued DoubleLine and four employees (including Gundlach himself), alleging unfair competition and misappropriation of confidential and proprietary information. Gundlach countersued TCW over unpaid compensation and called TCW's suit a smokescreen.
In Septeber 2011 a jury awarded $66.7 million to the DoubleLine team for the backpay claims. Before the judge could step in and resolve the rest of both side's claims, TCW, DoubleLine, and Gundlach and his colleagues settled all their claims against each other in December 2011. The terms of that settlement were not disclosed.
Its total AUM as of March 31, 2017 is a little bit over $100 billion.
Jeffrey Gundlach CEO, CIO and Co-Founder, DoubleLine Group
Ron Redell Executive Vice President / President, DoubleLine Group / DoubleLine Funds
Philip Barach President, Co-Founder, Doubleline Capital
Jeffrey Sherman Deputy Chief Investment Officer, PM, DoubleLine Capital
Joe Galligan Executive Vice President, DoubleLine Capital
Cris Santa Ana Chief Risk Officer, DoubleLine Group
Earl Lariscy General Counsel, DoubleLine Group
Barbara VanEvery Director, Investor Relations, Doubleline Group
Henry Chase Chief Financial Officer, DoubleLine Group