MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 31, 2013 TCW Funds' Head Resigns The message on the SEC Filing was short, and to the point.
The 55-year-old Charles Baldiswieler had been named president and chief executive of TCW Funds in December 2009. He had replaced Ron Redell, who had left TCW to join Jeff Gundlach at DoubleLine Capital. During Baldiswieler's tenure, TCW hit a number of milestones, including the acquisition Metropolitan West Asset Management, and the launching of a number of funds. Then in a torturous long-delayed deal, TCW itself was then acquired by private equity firm Carlyle Group. The deal was closed in February. During the rest of the year, TCW had witnessed a number of C-level departures. Erin Freeman, head of communications, departed in March, while executive vice president Mark Gibello departed in April. Then chief risk officer Joseph Burschinger left in October. Burschinger was reportedly part of a group known as Project G, consisting of seven TCW executives who sat on a committee to fire Gundlach from TCW. TheSEC Filing on Baldiswieler's departure doesn't name a successor. Requests for comment with TCW spokespeople have yet to receive a response. Printed from: MFWire.com/story.asp?s=47217 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |