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Fixed Income Asset Allocation Team

  • The Fixed Income Asset Allocation Committee has been working together on average over 15 years
  • Allocation decisions are team based
  • Jeffrey Gundlach is the Chairman of the Committee

Jeffrey Gundlach, CIO & Chairman - Fixed Income Asset Allocation Committee (FIAA)
Jeffrey Sherman, Deputy CIO
Samuel Lau, FIAA Strategist
Jeffrey M. Mayberry, FIAA Strategist
Philip Barach, Portfolio Manager – Agency MBS
Bill Campbell, Portfolio Manager – International Fixed Income
Morris Chen, Portfolio Manager – CMBS/CRE
Robert Cohen, Portfolio Manager – Director of Global Developed Credit
Sam Garza, Portfolio Manager – CLOs & Multi-Asset
Andrew Hsu, Portfolio Manager – ABS & Infrastructure
Luz Padilla, Portfolio Manager – Director of International Fixed Income
Ken Shinoda, Portfolio Manager – Non-Agency MBS
Gregory A. Whiteley, Portfolio Manager - Government

Jeffrey Gundlach CIO & Chairman - Fixed Income Asset Allocation Committee (FIAA)

Jeffrey GundlachJeffrey Gundlach

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.

  1. 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...”


Jeffrey Sherman Deputy CIO

Jeffrey ShermanJeffrey Sherman

Mr. Sherman joined DoubleLine in 2009, currently serving as the Deputy Chief Investment Officer and a Portfolio Manager for multi-sector and derivative-based strategies. He is also a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. Prior to DoubleLine, Mr. Sherman was a Senior Vice President at TCW where he worked as a Portfolio Manager and Quantitative Analyst focused on fixed income and real-asset portfolios. Previous to TCW, he was a statistics and mathematics instructor at both the University of the Pacific and Florida State University. He also taught Quantitative Methods for Level I candidates in the CFA LA/USC Review Program for many years. Mr. Sherman holds a BS in Applied Mathematics from the University of the Pacific and a MS in Financial Engineering from the Claremont Graduate University. He is a CFA charterholder.


Samuel Lau FIAA Strategist

Samuel LauSamuel Lau

Mr. Lau joined DoubleLine in 2009. He is a portfolio manager on DoubleLine’s strategic commodity strategy while working in portfolio management and trading for derivatives-based and multi-asset strategies. His research has contributed to the team’s development of DoubleLine’s smart-beta strategies including the Shiller Enhanced CAPE and Shiller Enhanced International CAPE along with DoubleLine’s strategic commodity strategy. Mr. Lau is a contributing member on our Global Asset Allocation, Macro and Fixed Income Asset Allocation committees where he provides macro economic and sector commentary. He continues to represent DoubleLine as a featured panelist and guest speaker at different industry and client events, as well as authoring several internal news pieces, articles and white papers.    Prior to DoubleLine, he was a Vice President at TCW where he worked under Mr. Gundlach as a research analyst in the Mortgage Group. Mr. Lau holds a BS from the University of Wisconsin, Madison as well as an MBA from the Marshall School of Business at the University of Southern California.


Jeffrey M. Mayberry FIAA Strategist

Jeffrey M. MayberryJeffrey M. Mayberry

Mr. Mayberry joined DoubleLine in 2009. He is a Fixed Income Asset Allocation (FIAA) Strategist on the FIAA committee and a contributing member on our Global Asset Allocation and Macro committees where he provides macro economic and sector commentary. Mr. Mayberry is a Portfolio Manager on DoubleLine’s strategic commodity strategy while working in portfolio management and trading for derivatives-based and multi-asset strategies. His research has contributed to the team’s development of DoubleLine’s smart-beta strategies including the Shiller Enhanced CAPE and Shiller Enhanced International CAPE along with DoubleLine’s strategic commodity strategy. Mr. Mayberry represents DoubleLine as a featured panelist and guest speaker at industry and client events, as well as authors several news pieces, articles and white papers. Prior to DoubleLine, he was a Senior Vice President at TCW for nine years within the Mortgage Group, where he specialized in systems monitoring and development and created a “real-time” asset and liability valuation system for portfolio and fund monitoring and analytics. Mr. Mayberry holds a BS in Engineering from Harvey Mudd College and an MS in Financial Engineering from the Peter F. Drucker Graduate School of Management at Claremont Graduate University.


Philip Barach Portfolio Manager – Agency MBS

Philip BarachPhilip Barach

Mr. Barach co-founded DoubleLine in 2009 and serves as President of DoubleLine Capital. He oversees the Agency MBS team and is a permanent member of the Fixed Income Asset Allocation Committee and leads the Structured Products Committee. Prior to DoubleLine, Mr. Barach was Co-Founder and Group Managing Director of the TCW Mortgage Group where he spent over 23 years. He has over 33 years of fixed income investment experience. Previous to joining TCW, Mr. Barach was a Senior Vice President of Chief Investments for Sun Life Insurance Company in Los Angeles, where he was responsible for the asset/liability management of the firm and oversight and management of the company’s $5 billion investment portfolio. Before that, he served as Principal Fixed Income Officer for the California Public Employees’ Retirement System (CalPERS), the largest pension plan in the country. In that capacity, he was responsible for managing the fixed income portion of the fund which was 100% internally managed. Mr. Barach holds a BA in International Relations and an MBA in Finance from the Hebrew University of Jerusalem.


Bill Campbell Portfolio Manager – International Fixed Income

Bill CampbellBill Campbell

Mr. Campbell joined DoubleLine in 2013. He is a Portfolio Manager for the DoubleLine Global Bond Strategy Fund and is a permanent member of the Fixed Income Asset Allocation Committee. He covers Developed Markets, Central & Eastern Europe, Middle East and Africa (CEEMEA), and China. Prior to DoubleLine, Mr. Campbell worked for Peridiem Global Investors as a Global Fixed Income Research Analyst and Portfolio Manager. Previous to that, he spent over five years with Nuveen Investments, first as a Quantitative Analyst in their Risk Management and Portfolio Construction Group, then as a Vice President in their Taxable Fixed Income Group. Mr. Campbell also worked at John Hancock Financial as an Investment Analyst. He holds a BS in Business Economics and International Business, as well as a BA in English, from Pennsylvania State University. Mr. Campbell holds an MA in Mathematics, with a focus on Mathematical Finance, from Boston University.


Morris Chen Portfolio Manager – CMBS/CRE

Morris ChenMorris Chen

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.


Robert Cohen Portfolio Manager – Director of Global Developed Credit

Robert CohenRobert Cohen

Mr. Cohen joined DoubleLine’s Global Developed Credit (“GDC”) Group in 2012. He is a Portfolio Manager and the Director of the GDC group. He is also a permanent member of the Fixed Income Asset Allocation committee. Prior to DoubleLine, Mr. Cohen was a Senior Credit Analyst at West Gate Horizons Advisors (and its predecessor ING Capital Advisors) where he worked as an Analyst covering bank loans and high yield bonds. Prior to ING, he was an Assistant Vice President in the Asset Management Group of Union Bank where he managed a diversified portfolio of leveraged loans as well as a portfolio of CDO securities. Previous to Union Bank, he was an Associate Director of Corporate and Investment Banking at the Bank of Montreal in its Natural Resources Group. 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.


Sam Garza Portfolio Manager – CLOs & Multi-Asset

Sam GarzaSam Garza

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 Portfolio Manager – ABS & Infrastructure

Andrew HsuAndrew Hsu

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.


Luz Padilla Portfolio Manager – Director of International Fixed Income

Luz PadillaLuz Padilla

Ms. Padilla joined DoubleLine in 2009 as the Director of the Emerging Markets Group and is the lead Portfolio Manager. In addition, she is a permanent member of the Fixed Income Asset Allocation committee. Prior to DoubleLine, Ms. Padilla was a Managing Director at TCW. She began working at TCW in 1994, where she served in a number of roles including Credit Analyst, Director of Research, Co-Portfolio Manager, and lead Portfolio Manager. Ms. Padilla was involved in all aspects of building and managing TCW's Emerging Markets Fixed Income business including credit, securitization, trading and marketing. She holds a BA in Economics from Stanford University in Palo Alto, California and an MBA from the University of California at Berkeley as a fellow of the Robert A. Toigo Foundation.


Ken Shinoda Portfolio Manager – Non-Agency MBS

Ken ShinodaKen Shinoda

Mr. Shinoda joined DoubleLine at its inception in 2009. He is a Portfolio Manager and oversees the non-Agency RMBS team which specializes in investing in non-Agency mortgage-backed securities, residential whole loans and other mortgage-related opportunities. Mr. Shinoda is a permanent member of the Fixed Income Asset Allocation and Structured Products Committees. In addition he participates 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. Mr. Shinoda is a CFA charterholder.


Gregory A. Whiteley Portfolio Manager - Government

Gregory A. WhiteleyGregory A. Whiteley

Mr. Whiteley joined DoubleLine in 2009. He is a Portfolio Manager responsible for managing and trading U.S. Government securities. Prior to DoubleLine, Mr. Whiteley was a Senior Vice President and Portfolio Manager at TCW for fourteen years. He joined TCW when they acquired Continental Asset Management (CAM) in 1995, where he had been employed since 1990. At CAM, Mr. Whiteley served as Vice President and Portfolio Manager, Taxable Fixed Income Investments, initially specializing in mortgage-backed securities and later in government securities. Prior to that, he was a Fixed Income Portfolio Analyst with Salomon Brothers, Inc. Mr. Whiteley holds a BA in Economics from the University of Washington and an MBA in Finance from Columbia University.


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