Komfie Manalo, Opalesque Asia: Jeffrey Gundlach’s DoubleLine Capital is expanding its operations with the opening of DoubleLine Investment Management North Asia Ltd. (DIMNA) with a branch office in Tokyo, Japan. DIMNA provides consultation and support services to existing clients in Japan, the company said in a statement.
Kazuhiro Okamura will serve as head of business relations at DIMNA. He will be reporting to Ron Redell in Redell's capacity as a director of DIMNA. Previously, Okamura served as director and general manager of business development at Baring Asset Management (Japan) Ltd.
At the same time, DoubleLine said it has appointed Jeffrey Sherman as deputy chief investment officer. The company, which manages exchange-traded funds, separate accounts, hedge funds, variable annuities, UCITS and other vehicles, also noted that it has reached $100bn in assets under management as of May 31.
As deputy chief investment officer, Sherman reports to Gundlach, founder, chief executive officer and chief investment officer of DoubleLine. Sherman and his macro asset allocation team vet and design quantitative investment strategies. He serves as co-portfolio manager with Gundlach of the DoubleLine Shiller Enhanced CAPE strategy and as portfolio manager of the DoubleLine Strategic Commodity strategy. Sherman advises the firm's Fixed Income Allocation Committee.
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