LOS ANGELES, Sept. 6, 2016 /PRNewswire/ -- Portfolio manager Robert Cohen has been promoted by DoubleLine Capital CEO Jeffrey Gundlach to director of the firm's Global Developed Credit team. Mr. Cohen succeeds Bonnie Baha. Ms. Baha, founder of the GDC team, passed away on August 21.
The GDC team invests in the debt of corporate and sovereign issuers in developed economies. The team comprises 20 portfolio managers, analysts and traders.
"On what is a somber occasion for DoubleLine, I wish to congratulate Robert as he takes his place as director of the Global Developed Credit team," Mr. Gundlach said. "One of Bonnie's many achievements was to bring together people with the qualities of team leadership and investment experience to carry on after her."
Mr. Cohen joined GDC in 2012 where he has served as a portfolio manager within the team and participated on DoubleLine's Fixed Income Asset Allocation Committee. Before DoubleLine, he was a senior credit analyst at West Gate Horizons Advisors (including its predecessor ING Capital Advisors) since 2001. Previously, he was an assistant vice president in the Asset Management Group of Union Bank, managing portfolios of leveraged loans and CDO securities. Mr. Cohen began his investment career in 1997 as an associate at the Bank of Montreal (now BMO Capital Markets). Mr. Cohen holds a BA in economics from the University of Arizona and an MBA from the University of Southern California. He is a CFA charterholder.
As director of GDC, Mr. Cohen reports to Mr. Gundlach, CEO and chief investment officer of DoubleLine Capital. Reporting directly to Mr. Cohen are portfolio manager Monica Erickson, who heads investment grade GDC; portfolio manager Kapil Singh, head of high yield GDC; and Philip Kenney, director of corporate research.
"On behalf of Monica, Kapil, Phil and all the members of GDC, I would like to thank our clients for their years of support and, over the past two weeks, their kind thoughts and condolences," Mr. Cohen said. "We will give our best to continue to deserve that trust."
About DoubleLine Capital LP
DoubleLine Capital LP is a registered investment adviser under the Investment Advisers Act of 1940. DoubleLine Capital and its related companies ("DoubleLine") managed $102 billion in assets across all vehicles, including open-end mutual funds, closed-end funds, exchange-traded funds, hedge fund, variable annuities, UCITS and separate accounts, as of the June 30, 2016 end of the second quarter. DoubleLine's offices in Los Angeles can be reached by telephone at (213) 633-8200 or by e-mail at email@example.com. Media can reach DoubleLine by e-mail at firstname.lastname@example.org. DoubleLine® is a registered trademark of DoubleLine Capital LP.
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