Monday, 6 July 2015
Last updated 26 min ago
Nov 8 2011 | 9:24am ET
The litigation and mudslinging surrounding asset manager DoubleLine Capital hasn’t kept investors away.
The firm, whose first fund raised $1 billion within three months of its launch last year, now boasts another $1 billion vehicle. A mutual fund launched by the Los Angeles-based firm last June now manages $1 billion, DoubleLine said.
All told, the firm now has some $19 billion in assets under management.
DoubleLine was set up by former TCW Group chief investment officer Jeffrey Gundlach after he was fired by that firm. The two sides have since squared off in court, with Gundlach winning $66.7 million in unpaid wages and TCW winning a ruling that Gundlach had stolen its proprietary information.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…