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Monday, March 25, 2013

DoubleLine's Equity Team Swells

News summary by MFWire's editors

It looks like DoubleLine [profile] is serious about moving out of its comfort zone.

Reuters reports that the four-year-old, $53 billion primarily fixed income shop has four stock analysts and a stock trader to bolster its equities team.

The firm hired Jonathan Ainley, Sunny Ommanney, Brian Shim and Kristine Smith as stock analysts, and Rodney Boone as an equities trader, according to the newswire.

All but Ommanney were hired away from TCW. Ommanney was formerly chief executive of Nyima Foundation and an equity research associate at Lazard Freres and Provident Investment Counsel, according to Reuters.

The five are being added to DoubleLine Equity, the stocks arm launched on Jan. 2 and run by portfolio managers Brendt Stallings and Husam Nazer who were both hired away from TCW themselves.

In fact, all four of the latest TCW emigres had worked for Stallings and Nazer.

Read more in Reuters.  

Edited by: Tommy Fernandez

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