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, Fixed Income Asset Allocation Committee Chairman
Philip Barach, Mortgages
Robert Cohen, CFA, Director, Portfolio Manager, Global Developed Credit
Luz Padilla, Emerging Markets
Gregory Whiteley, DM Sovereign Debt
Jeffrey Gundlach Fixed Income Asset Allocation Committee Chairman
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...”
Philip Barach Mortgages
Mr. Barach is co-founder and President of DoubleLine Capital. Mr. Barach is a member of DoubleLine Executive Management. 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 32 years of fixed income investment experience. Before joining TCW, Mr. Barach was 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. Previously, 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. He attended the Hebrew University of Jerusalem, where he received a BA in International Relations and an MBA in Finance.
Robert Cohen CFA, Director, Portfolio Manager, Global Developed Credit
Mr. Cohen joined DoubleLine’s Global Developed Credit Group in 2012. He is the Director of the group and also a permanent member of the Fixed Income Asset Allocation committee. Prior to DoubleLine, he 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 since 2001. Prior to joining ING, Mr. Cohen was an Assistant Vice President in the Asset Management Group of Union Bank. At Union Bank, Mr. Cohen managed a diversified portfolio of leveraged loans as well as a portfolio of CDO securities. Prior to Union Bank, he was an Associate Director of Corporate and Investment Banking at the Bank of Montreal in their Natural Resources Group. He holds a BA in Economics from the University of Arizona and an MBA from the University of Southern California. He is a CFA charterholder.
Luz Padilla Emerging Markets
Ms. Padilla joined DoubleLine in 2009 as the Director of the Emerging Markets Group and is the lead Portfolio Manager. Prior to DoubleLine, she was a Managing Director at TCW. She began working at TCW in 1994, where she had served in a number of roles of increasing responsibility with the group, including Credit Analyst, Director of Research, Co-Portfolio Manager since December 2001, and lead Portfolio Manager since October 2006. She was involved in all aspects of building and managing TCW's Emerging Markets Fixed Income business including credit, securitization, trading and marketing. Ms. Padilla attended University of California at Berkeley as a fellow of the Robert A. Toigo Foundation and graduated with an MBA in 1994. Ms. Padilla received her BA in Economics in 1989 from Stanford University in Palo Alto, California.
Gregory Whiteley DM Sovereign Debt
Mr. Whiteley joined DoubleLine in 2009. He is a portfolio manager responsible for managing and trading U.S. Government securities. Prior to DoubleLine, he was a Senior Vice President and portfolio manager at TCW for fourteen years. He started at TCW when they acquired Continental Asset Management in 1995, where he had worked since 1990. At CAM, he served as Vice President and Portfolio Manager, Taxable Fixed Income Investments, specializing in mortgage-backed securities. Prior to that, Mr. Whiteley was a Fixed Income Portfolio Analyst with Salomon Brothers, Inc. He holds a BA in Economics from the University of Washington and an MBA in Finance from Columbia University.