DoubleLine Capital

Doubleline Capital LP is a large advisory firm based in Glendale. It manages $120.04 billion of regulatory assets for 153 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Delaware, Hawaii, and 9 other states.

Doubleline Capital provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Doubleline Capital: assets under management

The assets under management (AUM) of Doubleline Capital LP is $120.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 7370% since the beginning of its operation, and $9.51 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $120.04 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $784.54 million each.

Doubleline Capital has custody of $3.32 billion in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 54% of the total AUM. The second-largest asset type is other assets, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Doubleline Capital LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Doubleline Capital serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Doubleline Capital is investment companies with 30 clients and $91.97 billion of assets under management. Among the 7 most similar advisory firms, Doubleline Capital has the 2nd highest percentage of investment companies out of all clients. The amount of regulatory assets under management is $115.43 billion for 113 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 17% of the firm’s clients are foreign persons or businesses.

Doubleline Capital also advises several private funds. Namely, four hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $1,000 to $10,000,000.

Careers at Doubleline Capital LP

The company employs 286 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Based in Glendale

The principal office where Doubleline Capital LP performs its advisory services is located at 505 North Brand Boulevard, Glendale, CA 91203 The mailing address of the firm is 333 South Grand Avenue, Los Angeles, CA 90071. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 213-633-8200 or by fax 213-633-8398. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at doubleline.com/.