LOS ANGELES, Dec. 23 /PRNewswire/ -- DoubleLine LLC, a fixed income investment manager, announced today that the Securities and Exchange Commission has approved the firm's application for registration under the Investment Advisers Act.

Formed earlier this month by Chief Executive Officer Jeffrey Gundlach and President Philip Barach, DoubleLine is already actively managing client portfolios. The staff at DoubleLine includes more than 40 portfolio managers, traders, analysts and trading assistants, a number DoubleLine expects to grow as the firm develops its suite of investment strategies focused on Core, Mortgage-Backed, Investment Grade Corporate, Emerging Markets and other fixed income products and strategies.

"The principals of DoubleLine are gratified to have received approval of our registration application under the Investment Advisers Act," Mr. Gundlach said. "The approval has occurred on a timeline that will allow us to continue to welcome, without interruption, those many clients with whom we have developed relationships of great personal trust and confidence over the years. Our team looks forward to the successful launch of DoubleLine funds early in the New Year."

About DoubleLine LLC

DoubleLine LLC is an investment management firm formed recently by CEO Jeffrey Gundlach and President Philip Barach. The company is privately held, with Mr. Gundlach its largest shareholder, and Mssrs. Gundlach and Barach holding a combined controlling interest. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 223-2346 or by e-mail at info@doubleline.com.

SOURCE DoubleLine LLC

Back to top