Sep 2022

Real Estate and Income Strategy FAQ

The objective of the DoubleLine Real Estate and Income Strategy is to outperform the Dow Jones U.S. Select REIT Total Return Index over a full market cycle. The strategy combines two differentiated sources of return: the DigitalBridge Fundamental U.S. Real Estate Index (the “Index” or “DigitialBridge Index”) and a fixed income strategy actively managed by DoubleLine. The Index uses a systematic, rules-based approach to attempt to deliver riskadjusted returns superior to established REIT benchmarks. DigitalBridge Group drew upon their deep experience investing in real estate assets to develop a set of rules to eliminate those REITs they find to have the least favorable return-to-risk prospects. The resulting Index seeks to deliver beta to the broad REIT market but with positive alpha. We expect the Index to be the primary driver of both return and risk of the strategy.

About the Author

About the Author

  • Jeffrey Sherman, CFA

    Jeffrey Sherman, CFA

    As DoubleLine’s Deputy Chief Investment Officer, Jeffrey Sherman oversees and administers DoubleLine’s Investment Management sub-committee coordinating and implementing policies and processes across the investment teams. He also serves as lead portfolio manager for multi-sector and derivative-based strategies. Mr. Sherman is a member of DoubleLine’s Executive Management and Fixed Income Asset Allocation Committees. He can be heard regularly on his podcast “The Sherman Show” (Twitter @ShermanShowPod, where he interviews distinguished guests, giving listeners insight into DoubleLine’s current views. In 2018, Money Management Executive named Jeffrey Sherman as one of “10 Fund Managers to Watch” in its yearly special report. Prior to joining DoubleLine in 2009, 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. He was a statistics and mathematics instructor at both the University of the Pacific and Florida State University. Mr. Sherman taught Quantitative Methods for Level I candidates in the CFA LA/USC Review Program for many years. He holds a B.S. in Applied Mathematics from the University of the Pacific and an M.S. in Financial Engineering from the Claremont Graduate University. Mr. Sherman is a CFA® charterholder.