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compensation. By
December 2011, the lawsuit was settled. TWC prevailed on the trade secret case but the jury awarded nothing for the damages. An undisclosed settlement was reached between Gundlach and TCW. Gundlach prevailed on the unpaid compensation case and the jury awarded him and three other former TCW employees $ 66.7 million in unpaid wages.
277:
On 7 January 2010, TCW sued
Gundlach with DoubleLine being named as a defendant in the case. TCW alleged that Gundlach and the firm stole its company secrets and clients. 45 out of 65 of Gundlach's old TCW team had joined DoubleLine. Gundlach countersued TCW stating it owed him millions in unpaid
127:
331:
In April 2022, DoubleLine launched its first two exchange-traded funds (ETF), the DoubleLine
Opportunistic Bond ETF and the DoubleLine Shiller CAPE US Equities ETF. Prior to that, DoubleLine served as sub-advisor to ETFs offered by
320:
In 2019, the firm experienced a number of high level staff departures which was considered uncharacteristic. During this period DoubleLine's performance had dropped however it had over $ 140 billion in assets under management.
233:
where he managed its Total Return Bond Fund which at the time was one of the top performing funds in the last 10 years that invested in intermediate-term bonds. It produced returns that exceeded those that were managed by
269:
as well as a former employee of TCW who knew them during their time there. Oaktree
Capital Management invested $ 20 million in DoubleLine for a 20% stake. On 23 December, DoubleLine registered with the
281:
On 6 April 2010, DoubleLine started accepted investor money and launched its own Total Return Fund which was managed by
Gundlach himself. By December that year, the firm had over $ 7 billion in
864:
859:
343:
In April 2023, one year after its ETF debut, DoubleLine moved into the real estate ETF market, launching the DoubleLine
Commercial Real Estate ETF and the DoubleLine Mortgage ETF.
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by plotting to take TCW's clients and trade secrets to establish his own rival firm. It was noted that the relationship between
Gundlach and senior members such as
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and predicted his victory forwarded an email to DoubleLine employees with an image of Trump smiling in front of a garbage truck carting
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In
December 2009, shortly after leaving TCW, Gundlach, Philip Barach and 14 senior members of their team set up DoubleLine Capital in
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In
January 2013, DoubleLine established a new division that would manage equity portfolios called DoubleLine Equity LP.
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away. The image angered some of the employees, who felt it blurred the line between politics and business.
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391:"From zero to $ 150 billion: The inside story of Jeffrey Gundlach's decade at DoubleLine"
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543:"Howard Marks made $ 900 million from his investment in 'Bond King' Jeff Gundlach"
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803:"DoubleLine Says 'Perfect Time' for New Real Estate ETF Despite Property Worries"
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776:"Gundlach's DoubleLine Launches Real Estate and Mortgage ETFs at Tricky Time"
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673:"Jeffrey Gundlach's investment firm DoubleLine suffers spate of departures"
238:. On 4 December 2009, he was fired by TCW and was alleged to be engaged in
324:
In
February 2022, DoubleLine moved its headquarters from Los Angeles to
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483:"TCW, Gundlach Settle Suit Over Firing, Trade Secret Theft Claims"
452:"TCW's Stern Says He Fired Gundlach Because Firm Was 'Threatened'"
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647:"Investors Pull Back From Gundlach's Biggest Fund at DoubleLine"
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594:"High-profile bond firm DoubleLine hits $ 50 billion in assets"
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By November 2012, DoubleLine was managing $ 50 billion.
699:"Jeffrey Gundlach's DoubleLine Sees Spate of Departures"
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called Double Line. Gundlach and Barach reached out to
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Investment management companies of the United States
724:"Gundlach Moves DoubleLine Unit to Tax-Free Florida"
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860:Financial services companies established in 2009
202:. It is known for its focus on investing in the
620:"DoubleLine launches stock management division"
569:"Bond Star Jeffrey Gundlach to Launch New Fund"
218:. The firm is majority owned by its employees.
257:. The name DoubleLine came from a painting by
750:"DoubleLine debuts two actively managed ETFs"
8:
288:In July 2011, DoubleLine launched its first
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303:2016 United States presidential election
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645:Grind, Gregory Zuckerman and Kirsten.
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801:Katherine Greifeld (11 April 2023).
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855:Companies based in Tampa, Florida
850:2009 establishments in California
421:"Jeffrey Gundlach, Bond Savant"
301:It was reported that after the
183:Footnotes / references
250:had deteriorated before then.
194:("DoubleLine") is an American
142:91.2 billion (March 2023)
107:Jeffrey Gundlach (CEO and CIO)
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334:State Street Global Advisors
61:; 14 years ago
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267:Oaktree Capital Management
265:who was the co-founder of
206:but also invests in other
151:Oaktree Capital Management
305:, Gundlach who voted for
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16:American investment firm
283:assets under management
255:Los Angeles, California
198:firm headquartered in
328:due to its tax laws.
196:investment management
124:Exchange-traded funds
50:Investment Management
22:DoubleLine Capital LP
517:"The King of Bonds"
515:Laing, Jonathan R.
159:Number of employees
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730:. 24 February 2022
600:. 14 November 2012
489:. 30 December 2011
248:Robert Addison Day
192:DoubleLine Capital
59:December 2009
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84:Headquarters
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521:www.wsj.com
216:commodities
204:bond market
844:Categories
361:"Form ADV"
347:References
244:Marc Stern
236:Bill Gross
222:Background
173:doubleline
103:Key people
807:Bloomberg
231:TCW Group
212:equities
210:such as
112:Products
46:Industry
786:6 April
760:5 April
734:5 April
708:6 April
682:5 April
656:5 April
630:5 April
624:Reuters
604:5 April
598:Reuters
578:5 April
552:5 April
526:5 April
493:5 April
462:5 April
431:5 April
400:5 April
168:Website
92:Florida
74:Founder
66:2009-12
64: (
56:Founded
40:Private
812:19 May
147:Owners
364:(PDF)
153:(20%)
128:UCITS
88:Tampa
814:2023
788:2023
762:2023
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710:2023
684:2023
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464:2023
433:2023
402:2023
336:and
313:and
246:and
214:and
175:.com
140:US$
96:U.S.
651:WSJ
573:WSJ
368:SEC
135:AUM
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