Jeffrey Gundlach's DoubleLine partners with Oaktree Capital Management

December 16th, 2009
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DoubleLine LLC, which was recently founded by TCW veteran Jeffrey Gundlach has formed a strategic partnership with Oaktree Capital Management, L.P. In exchange for a minority interest in DoubleLine, Oaktree Capital will help the firm establish its operational structure.

Regarding the agreement, Mr. Gundlach commented, "Looking beyond the start-up phase of our firm, I also envision rich possibilities of shared product offerings by blending our team's Core Fixed Income and Mortgage-Backed capabilities with Oaktree's widely recognized franchise in the active management of Fixed Income and Alternative investments."

Mr. Gundlach and his co-founder Philip Barach have been given approval by the SEC to open mutual funds on December 23, 2009. In 2006, Mr. Gundlach was named Morningstar's Fixed Income Fund Manager of the year and is currently nominated for Morningstar Fixed Income Manager of the Decade.
For Detailed Investor Profiles on these Investors, click below:
DoubleLine LLC
OakTree Capital Management
Related People: Bruce Karsh; Howard S. Marks; Jeffrey Gundlach; Larry Keele; Philip Barach; Richard Masson; Steve Kaplan
Related Entities: DoubleLine Core Fixed Income; DoubleLine Emerging Markets Income; DoubleLine Total Return Bond; Oaktree Capital Management ; DoubleLine Capital LP; OakTree Distressed Opportunities; Oaktree Emerging Market Fund; Oaktree Japan Opportunities Fund; Oaktree US Convertibles
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings

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