DoubleLine Global Infrastructure Debt Strategy 2Q16 [Slides]VW Staff
Slides from the DoubleLine Global Infrastructure Debt Strategy for the second quarter ended June 30, 2016.
TAB I – DoubleLine Overview & Accolades
- Oversees $103 billion in Assets Under Management as of June 30, 2016.
- DoubleLine’s* portfolio managers have worked together for an average of 16 years and have over 23 years average industry experience.
- Employee-ownership structure
- Over 170 members, including over 105 investment professionals**
- DoubleLine was awarded with Institutional Investor’s “Mortgage-Backed Fixed Income” award in 2013, 2014 and 2015
- DoubleLine was awarded with Institutional Investor’s “Core Plus Fixed Income” award in 2015
- DoubleLine was named Risk Magazine’s “Asset Manager of the Year” in 2015
- Awarded “Bond Manager of the Year” by Foundations & Endowments Money Management in 2011
Jeffrey Gundlach Accolades
- Named one of Forbes “Most Powerful People” in 2014
- Named Institutional Investor’s “Money Manager of the Year” in 2013
- Named to Bloomberg Markets’ magazine “50 Most Influential” in 2012 and 2015
- Named to Fortune Magazine’s Investor’s Guide “Mutual Fund All-Stars” in 2011
- Named to SmartMoney’s “Power Thirty: The World’s Most Influential Players” in 2010
- Lead portfolio manager, was a nominee for Morningstar’s “Fixed Income Manager of the Decade” in 2009
Assets Under Management By Strategy
As of June 30, 2016
DoubleLine Portfolio Management Team
TAB II – Global Infrastructure Debt Explained
DoubleLine’s Global Infrastructure Debt Strategy
Objective: DoubleLine’s Global Infrastructure Debt strategy seeks long-term total return while striving to generate current income.
A diverse asset class characterized by projects that provide essential services in strategic sectors.
Infrastructure Debt Benefits
TAB III – Global Infrastructure Debt Market
Why the Opportunity Exists?
- Primarily due to regulatory constraints, the financing of global infrastructure projects is undergoing a paradigm shift from commercial banks to financial institutions (asset managers, insurers and others).
- Government debt burdens can prevent adequate spending on required infrastructure.
- DoubleLine believes that this structural change generates long-term opportunities.
Global Infrastructure Aggregate Funding Gap, 2016-2030
Infrastructure Quality Against GDP Per Capita
Infrastructure Spending as % of GDP, 1992 – 2013
TAB IV – Global Infrastructure Debt Attributes
Large Investable Universe
As of December 2015
See the full slides below.