Structured Products Team
- Portfolio Managers have worked together for 16 years
Jeffrey Gundlach, Chief Executive Officer
Morris Chen, Portfolio Manager, CMBS/CRE
Sam Garza, Portfolio Manager, Macro-Asset Allocation & CLOs
Andrew Hsu, CFA, Portfolio Manager, Structured Products
Vitaliy Liberman, CFA, Portfolio Manager
Ken Shinoda, CFA, Portfolio Manager, Non-Agency RMBS
Jeffrey Gundlach Chief Executive Officer
Jeffrey Gundlach is the Chief Executive Officer of DoubleLine. He is recognized as an expert1 in bonds and other debt-related investments. In 2011, he appeared on the cover of Barron's as "The New Bond King". In 2012, Bloomberg Markets magazine named him one of the "50 Most Influential". In 2013, Mr. Gundlach was named "Money Manager of the Year" by Institutional Investor. In 2015, Bloomberg Markets magazine again named him one of the "50 Most Influential". Mr. Gundlach is a graduate of Dartmouth College, summa cum laude, with degrees in Mathematics and Philosophy.
- Money News on May 26, 2011: Headline of the story: Bond Expert Gundlach: Housing Collapse to Spark Second Financial Meltdown. Morningstar on January 5, 2012: "...Jeffrey Gundlach, a high-profile fixed-income expert...”
Morris Chen Portfolio Manager, CMBS/CRE
Mr. Chen joined DoubleLine at its inception in 2009. He is a Portfolio Manager leading the CMBS/CRE Debt Investment team and CRE New Investment Review Group, and is responsible for the oversight and management of all CRE Debt related investments at DoubleLine. Mr. Chen is a permanent member of the Fixed Income Asset Allocation and Structured Products Committees providing valued insight into the CMBS sector. He is also an active participant and speaker at CREFC events. Prior to DoubleLine, Mr. Chen was a Vice President at TCW where he was responsible for CMBS credit analysis and trading from 2004-2009. He holds a BS in Business Administration with concentrations in Business Development and Finance from the University of California, Riverside.
Sam Garza Portfolio Manager, Macro-Asset Allocation & CLOs
Mr. Garza joined DoubleLine in 2009. He is a Portfolio Manager overseeing both the Macro-Asset Allocation and CLO teams. He is a permanent member of the Fixed Income Asset Allocation and the Structured Product Committees. Prior to DoubleLine, Mr. Garza was a Senior Vice President at TCW where he held several positions over his nine-year tenure there. Prior to TCW, he worked at Union Bank of California in the Commercial Banking Group where he was involved with corporate loan underwriting. Mr. Garza holds a BA in Business Economics from the University of California, Santa Barbara and an MBA from the Anderson School of Management at the University of California, Los Angeles.
Andrew Hsu CFA, Portfolio Manager, Structured Products
Mr. Hsu joined DoubleLine at its inception in 2009. He is a portfolio manager for the DoubleLine Total Return and ABS/Infrastructure Income strategies. Mr. Hsu is a permanent member of the Fixed Income Asset Allocation and Structured Product Committees. Prior to that, he was responsible for analysis and trading of structured products where his focus included Residential MBS and ABS transactions. Mr. Hsu’s responsibilities have also included structuring and negotiating terms on new issue transactions and forming strategic partnerships with issuing entities in order to participate in key transactions. Previous to DoubleLine, he joined TCW in 2002 where he focused on credit analysis for structured product securities and co-managed two structured product funds focusing on debt and equity investments. During this time, Mr. Hsu was actively involved with portfolio management decisions and investment analysis, including reverse engineering complex CDO/CLO structures. He holds a BS in Finance from the University of Southern California and is a CFA charterholder.
Vitaliy Liberman CFA, Portfolio Manager
Mr. Liberman joined DoubleLine in 2009. He is part of the portfolio management and trading team specializing in trading mortgages and mortgage credit securities. Prior to DoubleLine, he was a Vice President at TCW for the previous six years where he also worked in portfolio management and trading. Mr. Liberman graduated from the California State University at Northridge earning both a BS and an MS in Applied Mathematics. He is a CFA charterholder.
Ken Shinoda CFA, Portfolio Manager, Non-Agency RMBS
Mr. Shinoda joined DoubleLine at inception in 2009. He is Chairman of the Structured Products Committee and oversees the non-Agency RMBS team specializing in investing in non-Agency mortgage-backed securities, residential whole loans and other mortgage-related opportunities. He is co-Portfolio Manager on the Total Return, Opportunistic Income, Income, Opportunistic MBS and Strategic MBS strategies. He is also lead Portfolio Manager overseeing the Mortgage Opportunities private funds. Mr. Shinoda is also a permanent member of the Fixed Income Asset Allocation Committee, as well as, participating in the Global Asset Allocation Committee. Prior to DoubleLine, Mr. Shinoda was Vice President at TCW where he worked in portfolio management and trading from 2004-2009. He holds a BS in Business Administration from the University of Southern California and is a CFA® charterholder.