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TCW Group Opens Global Bond Fund Run by Rivelle, Kane, Robbins

Dec. 1 (Bloomberg) -- TCW Group Inc., the Los Angeles-based investment unit of Societe Generale SA, opened TCW Global Bond Fund, its first mutual fund to buy U.S. and international fixed-income securities.

The fund will invest in government and corporate debt “across all major currencies and regions of the world,” the company said today in a statement. Chief Investment Officer Tad Rivelle, along with Stephen Kane and David Robbins, will co-manage the fund.

Societe Generale, France’s second-largest bank, is considering the sale of TCW, possibly through a management-led buyout, two people familiar with the situation have said. TCW’s mutual-fund assets have increased almost 30 percent this year and more than tripled in less than two years to $33 billion, according to company.

TCW, which saw the defection of star manager Jeffrey Gundlach in December 2009, has about $118 billion in assets under management, the company said.

To contact the reporter on this story: Christopher Condon in Boston at ccondon4@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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