DoubleLine Capital LP Reaches $10 Billion in Assets Under Management

LOS ANGELES, April 27, 2011 /PRNewswire/ -- DoubleLine Capital LP announced today that assets under management invested in the separate accounts, mutual funds and other portfolios managed by the firm now exceed $10 billion.

"DoubleLine has reached the $10 billion milestone in less than 18 months of existence," said Jeffrey Gundlach, Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. "Clearly, we could not have come so far so soon without the grassroots support of investors and their advisors. Today, more than 100,000 investors have placed their trust in DoubleLine. To them and their advisors, I pledge that our team will remain singularly focused on risk management and client service."

Founded December 14, 2009, DoubleLine has developed investment strategies and strategy extensions designed to fit different investor profiles along the risk-return curve. The DoubleLine teams manage portfolios invested in mortgage-backed securities, corporate fixed income securities, emerging markets debt, U.S. government and other sovereign issues as well as asset allocation strategies across different bond sectors, equities and commodities. The one-year period ended April 25, 2011, the DoubleLine Total Return Bond Fund (DLTNX/DBLTX), the flagship of DoubleLine's four mutual funds, is the top-ranked fund of the 1,190 Intermediate-Term Bond Funds as categorized by Morningstar.  

DoubleLine's mutual fund complex, now with more than $6 billion in AUM, has been the largest destination of investment inflows at the firm. Philip Barach, President and cofounder of DoubleLine Capital, said he expects accelerated demand from institutional clients, resulting in increased growth in the firm's separately managed accounts and other vehicles, later in the year.

"Our investment teams have the capacity and experience to manage substantially larger pools of assets," Barach said. "However, our highest-priority objective is the delivery of superior risk-adjusted returns to our valued clients."

About DoubleLine Capital LP

DoubleLine Capital LP is an investment management firm and a registered investment adviser under the Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. DoubleLine's headquarters is in Los Angeles, CA. Its offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected]. DoubleLine® is a registered trademark of DoubleLine Capital LP.

The investment objectives, risks, charges and expenses of the DoubleLine Funds must be considered carefully before investing. The prospectus contains this and other important information about the Funds, and it may be obtained by calling 1 (877) 354-6311/ 1 (877) DLINE11, or visiting www.doublelinefunds.com. Read it carefully before investing.

The DoubleLine Total Return Bond Fund may invest in debt securities which typically decrease in value when interest rates rise.  This risk is usually greater for longer-term debt securities.  Investments in Asset-Backed and Mortgage-Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments.  Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.

© 2011 Morningstar, Inc. All Rights Reserved.  The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely.  Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.  Past performance is no guarantee of future results.

Morningstar Rankings represent a fund's total-return percentile rank relative to all funds that have the same Morningstar Category.  The highest percentile rank is 1 and the lowest is 100.  It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges and redemption fees.

DoubleLine Funds are distributed by Quasar Distributors, LLC.

SOURCE DoubleLine Capital LP