Jeff Gundlach and his team just passed $50 billion in assets under management. Los Angeles-based DoubleLine Capital [profile] revealed the AUM milestone yesterday, just under three years after Gundlach launched the fixed income mutual fund shop in December 2009.

According to the release, DoubleLine now boasts a team of 78.

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Company Press Release

DoubleLine Capital Reaches $50 Billion in Assets under Management

Wednesday, Nov. 14, 2012 - 8:46 am

LOS ANGELES, Nov. 14, 2012 -- DoubleLine Capital LP has reached $50 billion in assets under management (AUM), less than three years after the investment management company was founded on December 14, 2009.

"DoubleLine has reached a major milestone in exceeding $50 billion in AUM," said Jeffrey Gundlach, Chief Executive Officer and Chief Investment Officer of DoubleLine. "We have achieved this result in under three years thanks to the tremendous support of our many valued investors. I believe DoubleLine's future success lies in our commitment to deliver a superior investment experience to clients in terms of both performance and communication."

DoubleLine employs 78 people in investment, risk management, client service, legal/compliance, accounting and human-resources departments. The firm 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.

Clients can employ DoubleLine's management services via a variety of vehicles. In the United States, DoubleLine manages mutual funds, a closed-end fund listed on the New York Stock Exchange, separate accounts and hedge funds. For clients outside the U.S., DoubleLine manages limited-partnership commingled accounts, separate accounts and Luxembourg-registered UCITS funds.

About DoubleLine Capital LP

DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act of 1940. DoubleLine manages $50 billion in assets held in closed- and open-end 1940 Act funds, separate accounts, hedge funds and UCITS. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at info@doubleline.com. Media can reach DoubleLine by e-mail at media@doubleline.com.

 

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