DoubleLine Capital portfolio manager Bonnie Baha has died aged 56.
Baha was struck by a car, along with her husband and daughter, who suffered non-life threatening injuries, while crossing the street in Charlottesville, according to the Albemarle County Police Department.
The family, who are based in San Marino, California, were in the area to drop off Baha’s son at the University of Virginia, a police statement said.
No charges had been made at the time of publication and the crash remains under police investigation.
Baha was a renowned bond portfolio manager and head of global developed credit at Los Angeles-based DoubleLine, a firm she helped propel into one of the fastest growing asset managers in the United States.
Before joining DoubleLine, Baha had a 19-year stint as a managing director and portfolio manager at TCW, where she oversaw corporate bond investments and worked closely with Jeffrey Gundlach, whom she followed when he moved to set up DoubleLine.
‘For a quarter century Bonnie was my trusted colleague and dear friend. She was honest and direct, with a sardonic wit perfectly matching her investment scepticism helping shape the DoubleLine philosophy,’ said Gundlach.
Baha was a manager on the DoubleLine Floating Rate fund, DoubleLine Low Duration Bond fund and the Aston/DoubleLine Core Plus Fixed Income fund.
Her stellar performance managing these strategies saw her gain a string of accolades, including being recognized as one of the ‘Top Women in Asset Management’ by Money Management Executive.
She gained a Citywire AAA-rating in July 2014, which she held for over a year. She was most recently AA rated.