DoubleLine Capital is an American investment management firm founded in 2009 by Jeffrey Gundlach, Philip Barach, and other senior members from TCW Group. The company is headquartered in Tampa, Florida, having moved from Los Angeles in February 2022 due to favorable tax laws[1]. DoubleLine is known for its focus on bond investments but also manages equities, commodities, and other asset classes[1][3]. ### Key Features: - Founding and History: DoubleLine was established after Gundlach's departure from TCW, with Oaktree Capital Management investing $20 million for a 20% stake[1]. - Investment Strategies: The firm offers a wide range of investment strategies, including fixed income, equities, and multi-asset portfolios[2][3]. - Notable Funds: DoubleLine manages several notable funds, such as the DoubleLine Total Return Bond Fund and the DoubleLine Opportunistic Credit Fund[1][3]. - Recent Developments: In 2022, DoubleLine launched its first exchange-traded funds (ETFs), and in 2023, it expanded into real estate ETFs[1]. ### Leadership and Structure: - Jeffrey Gundlach: Gundlach is the founder and a key figure in the company's success. Although he is not directly involved in trading, his influence remains significant[3]. - Employee Ownership: DoubleLine is majority-owned by its employees, which aligns with its independent and employee-driven culture[1][2]. ### Performance and Challenges: - Assets Under Management: As of March 2023, DoubleLine managed approximately $96 billion in assets[3]. - Performance Fluctuations: The firm experienced outflows from its Total Return Fund despite good returns in recent years, reflecting the challenges of maintaining consistent performance[3].