DoubleLine Continues to Build Out Client Rep and Operations Departments

DoubleLine Announces Three Hires into its Fund Operations and Institutional Marketing Units

Ignacio Sosa Starts as Director of DoubleLine's Product Solutions Group

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May 12, 2014, 09:10 ET

LOS ANGELES, May 12, 2014 /PRNewswire/ -- DoubleLine Capital LP today announced the hires of two institutional sales representatives and an open-end mutual funds operations specialist.

Gheorghe Rotar, Jr. has joined DoubleLine as a mutual fund operations specialist. Mr. Rotar, who oversees transfer-agent functions for the DoubleLine Funds, reports to Patrick Townzen, manager of operations at DoubleLine.

Mr. Rotar joined DoubleLine from Newport Beach-based Pacific Investment Management Company (PIMCO) where he was employed since 2007. At PIMCO, he served most recently as supervisor in the firm's funds operations department. His duties there included managing the alternative funds team, onboarding new employees, performing cost/benefit analysis and implementing cost reducing projects across multiple groups. Prior to PIMCO, he was a registered client service associate at the Irvine, CA office of Citi Smith Barney.

At DoubleLine's institutional marketing unit, Christopher Von Bargen recently joined as sales representative responsible for institutions domiciled in the Southeastern United States. Frederick Schachinger will join the institutional market team, effective June 2, with responsibility for the Northeast. They report to Vincent Fiorillo, manager of Global Sales at DoubleLine.

Mr. Schachinger comes to DoubleLine from Deutsche Asset Management in New York where he has served as the team lead for Pension, Foundation and Endowment Sales. He previously served as director of the Global Client Group at BlackRock/Barclays Global Investors. Before BlackRock, Mr. Schachinger was senior business development officer at iShares. His previous employment includes serving as a director at Advisory Research Group, Wayne, PA, and director of manager due diligence at Lockwood Advisors, Malvern, PA.

Mr. Von Bargen comes to DoubleLine from PNC Capital Advisors in Atlanta where he served as a vice president responsible for institutional business development and consultant relations in the Southeast. He previously served as a vice president in the Atlanta office of BNY Asset Management/Bank of New York, where he covered the South as an institutional sales generalist. Before BNY Asset Management, Mr. Von Bargen worked as institutional representative from Atlanta for Gabelli Asset Management, Berger Financial Group, Transamerica Asset Management, C.L. Capital Management and Merrill Lynch.

In other news at DoubleLine, Ignacio Sosa started work Monday as Director of the firm's newly formed Product Solutions Group. Mr. Sosa previously was Executive Vice President for Global Bond Product Management at PIMCO. The Product Solutions Group focuses on three areas. The group contributes to the development of new investment products, engages in discussions with clients and their advisors on existing DoubleLine offerings, and assists in building new business.

DoubleLine Capital LP, a Los Angeles-based asset manager, was founded on December 14, 2009 by CEO Jeffrey Gundlach and President Philip Barach. The firm started with no assets under management and 45 employees who followed Mr. Gundlach from their common prior employer. Today DoubleLine employs 114 people and manages approximately $50 billion in assets.

The firm is conducting searches for nine positions, including two quantitative analysts with direct experience in risk- and portfolio-management analytics; two credit analysts with 3-5 years' experience in leveraged finance; and additional senior client and sales professionals.

About DoubleLine Capital LP

DoubleLine Capital LP is a registered investment adviser under the Investment Advisers Act of 1940. DoubleLine and its affiliates (DoubleLine) manages approximately $50 billion in assets held in closed- and open-end 1940 Act funds, separate accounts, hedge funds and UCITS.

DoubleLine manages investment strategies focused on specific asset classes and strategies of multi-sector portfolios combining relative-value asset allocation with bottom-up security selection. In fixed income, strategies include multi-sector fixed income (Core), mortgage-backed securities, U.S. Treasuries, corporate credit by issuers in developed markets (Global Developed Credit) and emerging markets debt. In equity markets, DoubleLine manages strategies focused on large-cap, mid-cap and small-cap stocks.

DoubleLine's headquarters is in Los Angeles, CA. The firm's offices can be reached by telephone at (213) 633-8200 or by e-mail at [email protected]. Media can reach DoubleLine by e-mail at [email protected]. Job applicants should address correspondence to [email protected]. DoubleLine® is a registered trademark of DoubleLine Capital LP.

SOURCE DoubleLine