MutualFundWire.com: A $134B-AUM Firm Moves East, But ...

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Tuesday, March 1, 2022

A $134B-AUM Firm Moves East, But ...

A $134-billion-AUM (as of December 31), 12-year-old, 286-employee fund firm's headquarters has moved from the Southwest to the Southeast. Yet the employee-owned firm continues to have an office in its hometown, and the chief is not following the HQ to the Sunshine State.

Jeffrey E. Gundlach
DoubleLine Capital
CEO

DoubleLine Capital LP [profile] is now based in Tampa, Florida, the asset manager's most recent form ADV confirms, at 2002 North Tampa Street, as highlighted by Bloomberg and other publications. Yet the filing also confirms that DoubleLine isn't leaving California just yet: the firm keeping its Los Angeles office at 333 South Grand Street, the firm's HQ prior to the move. (The firm had been based in LA since its founding in late 2009, while news broke last August of DoubleLine opening a Tampa office, reportedly with 23,000 square feet.)

The firm's famous CEO and co-founder, Jeffrey Gundlach, is also staying put, despite a 2020 public hint that he might leave the Golden State.

"I am not moving to Tampa," Gundlach tweeted after news broke last week of DoubleLine's recent HQ move.

DoubleLine's move comes after another founder-led, employee-owned, high-profile fund firm moved its HQ to the Tampa Bay area last November.

Printed from: MFWire.com/story.asp?s=64066

Copyright 2022, InvestmentWires, Inc.
All Rights Reserved