Jeffrey Gundlach, Chief Executive Officer and Chief Investment Officer of DoubleLine Capital, has 50 billion reasons to smile this week. That’s because the fixed income shop has reached $50 billion in assets under management, less than three years after opening its doors on December 14, 2009.
The firm’s product base spans closed- and open-end 1940 Act funds, separate accounts, hedge funds and Luxembourg-registered UCITS funds.
"We have achieved this result in under three years thanks to the tremendous support of our many valued investors,” stated Gundlach.
DoubleLine employs a total of 78 people and has investment specialists in nearly all fixed-income sectors and in active asset allocation across bond, stock, currency and commodity markets. DoubleLine is majority-owned by its employees; Oaktree Capital Management holds a minority share.