Jeffrey Gundlach, Portfolio Manager
Philip Barach, Portfolio Manager
Joel Damiani, Portfolio Manager
Joseph Galligan, Portfolio Manager
Luz Padilla, Portfolio Manager
Bonnie Baha, Portfolio Manager
Mr. Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine. He was formerly associated with TCW where he was Chief Investment Officer and head of fixed income activities. He is recognized as a leading expert1 in mortgage-backed securities and investment asset allocation. His investment strategies have been featured in leading publications including The New York Times, The Financial Times, The Wall Street Journal, USA Today, Barron’s, Forbes, Fortune, Pensions & Investments and Institutional Investor. In 2010, Mr. Gundlach was named to the SmartMoney Power 30 , one of the seventeen most influential people by The Mutual Fund Wire and “Fund Leader of the Year” by Fund Action. In 2011, he was featured as “The King of Bonds” in Barron’s, named one of “5 Mutual Fund All-Stars” by Fortune Magazine and named “Bond Manager of the Year” by Foundations and Endowments Money Management. He is a graduate of Dartmouth College summa cum laude holding a BA in Mathematics and Philosophy. He attended Yale University as a PhD candidate in Mathematics.
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 (and a former Morningstar Fund Manager of the Year)…”
Mr. Barach is co‐founder and President of DoubleLine. 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. Mr. Barach was heavily involved in the creation of the collateralized mortgage obligations (CMO) while at CalPERS, he oversaw the issuance of one of the first private label CMO using the retirement system’s MBS portfolio. He attended the Hebrew University of Jerusalem, where he received a BA in International Relations and an MBA in Finance.
Mr. Damiani is a Principal and founding member of DoubleLine. He is also a Portfolio Manager in the Mortgage Group. Prior to joining DoubleLine in 2009, Mr. Damiani was a Managing Director and MBS Portfolio Manager at TCW since 1999. Previously, Mr. Damiani was a Senior Vice President and head of residential mortgage investments at Back Bay Advisors. Before that, he was an Assistant Vice President and Portfolio Manager for The Putnam Companies. Mr. Damiani holds both a BS in Molecular Biology and an MS in Finance from the University of Wisconsin. He is a CFA charterholder.
Mr. Galligan is a Principal and founding member of DoubleLine. He is also a Portfolio Manager in the Mortgage Group. Prior to joining DoubleLine in 2009, Mr. Galligan was a Managing Director and Portfolio Manager at TCW since 1991. Prior to TCW, he was a Vice President at Smith Barney in the Mortgage-Backed Specialist group. Prior to that, he spent five years at First Boston as Vice President in the same area. In addition, Mr. Galligan spent over three years at Scudder Stevens & Clark as a Portfolio Manager/Trader. Mr. Galligan holds a BS in Economics with a concentration in Finance from the Wharton School of Business at the University of Pennsylvania. He is a CFA charterholder.
Ms. Padilla joined DoubleLine in 2009. She is Senior Portfolio Manager of the Emerging Markets Fixed Income strategy. Prior to DoubleLine, she was a Managing Director at TCW since 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. While at TCW, Ms. Padilla managed the Emerging Markets Total Return Strategy. 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 Bachelor’s of Art degree in Economics in 1989 from Stanford University in Palo Alto, California.
Ms. Baha is the Senior Portfolio Manager of DoubleLine’s Global Developed Credit Group, which is included as a separate sector in the various DoubleLine Core Fixed Income strategies. Prior to DoubleLine, Ms. Baha was a Managing Director and Portfolio Manager overseeing the Corporate Bond group at TCW for the past nineteen years. Prior to TCW, she worked for Deloitte & Touche, where she was a manager and specialized in the valuation of publicly traded and privately held companies in a variety of industries. Prior to that, she was employed as a Senior Analyst with Standard Research Consultants, a former division of Standard & Poor's Corporation. Prior to her graduate studies, she worked at Kidder, Peabody & Co. where she was responsible for the regional distribution of new issues and secondary offerings of corporate debt and equity securities. Ms. Baha received her BA in Political Science from the University of California at Irvine and her MBA from the University of Southern California. She is a CFA charterholder and a Chartered Investment Counselor.