Allan Toole, former Head of Portfolio Analytics at TCW, Joins DoubleLine Capital as Chief Risk Officer

LOS ANGELES, Feb. 4 /PRNewswire/ -- Allan R. Toole, former Portfolio Manager at TCW and head of the firm's Portfolio Analytics Group, has assumed the positions of Chief Risk Officer of DoubleLine Capital LP and head of Product Development at the firm.

As Chief Risk Officer, Mr. Toole is responsible for coordinating the firm's programs for detection and measurement of material risks to investment portfolios, enabling the firm to maintain accounts in accordance with strategy guidelines and client risk profiles. He will play a key role in the development of internal risk systems and processes for the analysis of the firm's workflows, operations and systems, and the establishment of mitigating controls for material operations risks. Mr. Toole also chairs the DoubleLine Risk Management Committee, which meets to review account performance and performance attribution, yield, duration and other risk metrics.

"Allan and I have worked with each other professionally for 15 years, and I place implicit trust in his level judgment as well as his analytical acumen," said Jeffrey Gundlach, Chief Executive Officer of DoubleLine Capital. "His contributions will form a keystone to the fulfillment of DoubleLine's foremost objective: the delivery of superior risk-adjusted returns to our clients."

Mr. Toole also heads Product Development and Analytics at DoubleLine. In that capacity, he will review new products and structures to identify material market risks and establish effective risk-management controls over their life cycle.  Other responsibilities include performance measurement/analytics and compliance with GIPS®, and assistance in marketing/client relations.

"I am extremely pleased," Mr. Toole said, "to be associated with an organization built on the philosophy that sound risk management is the key component to good investment performance, and where every DoubleLine associate is a believer in the philosophy."

Mr. Toole, 40, has a distinguished career in financial analytics, risk control and portfolio management. Before joining DoubleLine, Mr. Toole served 15 years at TCW until December 2009. At TCW, he was a Managing Director and served as head of the Portfolio Analytics Group, Chairman of the Portfolio Analytics Committee and Chairman of the Market and Product Development Committee. In addition, Mr. Toole was a Portfolio Manager of the TCW Asset Allocation Funds and the TCW Alpha Series® market-neutral strategy. Previously, he was a Manager of Insurance Finance for the Risk Management Department of Tenet Healthcare Corporation. Mr. Toole holds a BS and MBA in Finance and Accounting from the University of Southern California. He is a Chartered Financial Analyst and a member of the Los Angeles Society of Financial Analysts and the Chartered Financial Analyst Institute.

About DoubleLine Capital LP

DoubleLine Capital LP is a fixed income investment management firm and Registered Investment Adviser under Investment Advisers Act of 1940. The firm is majority employee-owned with CEO Jeffrey Gundlach and President Philip Barach holding a combined controlling interest in the firm. DoubleLine's headquarters is in Los Angeles, CA.  Its offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected].

SOURCE DoubleLine Capital LP

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