Adam D. Rossetti
About Adam D. Rossetti
Adam D. Rossetti (born 1978) serves as Vice President of DoubleLine Opportunistic Credit Fund (DBL) with an indefinite term since February 2019. He also serves as Chief Compliance Officer of DoubleLine Alternatives LP (since June 2015) and has held legal/compliance roles at DoubleLine Group LP since April 2015; previously he was Vice President and Counsel at PIMCO (April 2012–April 2015) . DBL’s proxy does not disclose individual performance metrics (e.g., TSR, revenue, EBITDA) for fund officers; officers employed by DoubleLine or its affiliates do not receive compensation from the Funds, so pay design and targets (if any) reside at the adviser level rather than the fund level .
Past Roles
| Organization | Role | Years | Source |
|---|---|---|---|
| DoubleLine Opportunistic Credit Fund (DBL) | Vice President | Since February 2019 (indefinite term) | |
| DoubleLine Income Solutions Fund (DSL) | Vice President | Since February 2019 (indefinite term) | |
| DoubleLine Yield Opportunities Fund (DLY) | Vice President | Since November 2019 (indefinite term) | |
| DoubleLine Funds Trust | Vice President | Since February 2019 | |
| DoubleLine Alternatives LP | Chief Compliance Officer | Since June 2015 | |
| DoubleLine Group LP | Legal/Compliance | Since April 2015 | |
| DoubleLine (various entities) | Chief Compliance Officer (interim roles across entities) | August 2017–March 2018 | |
| PIMCO | Vice President and Counsel | April 2012–April 2015 |
External Roles
| Category | Disclosure | Source |
|---|---|---|
| Public company boards / external directorships | Not disclosed for fund officers in the proxy officer listings |
Fixed Compensation
| Component | Disclosure | Source |
|---|---|---|
| Cash salary/bonus from DBL | Officers employed by DoubleLine or affiliates do not receive compensation or expense reimbursement from the Funds | |
| Director/trustee fees | Not applicable (Rossetti is an officer, not a trustee) |
Performance Compensation
| Incentive Type | Metric(s) | Target | Actual/Payout | Vesting | Disclosure |
|---|---|---|---|---|---|
| Annual/long-term incentives at Fund level | N/A | N/A | N/A | N/A | Not disclosed; compensation for officers is paid by the adviser, not the Funds |
Equity Ownership & Alignment
| Item | Disclosure | As of | Source |
|---|---|---|---|
| Individual beneficial ownership (Rossetti) | Not individually disclosed in proxy; individual reporting provided for Trustees and the Funds’ principal executive and principal financial officers only | Dec 31, 2024 | |
| Officers and Trustees as a group (DBL) | “Over $100,000” dollar range of Fund equity securities | Dec 31, 2024 | |
| Principal Executive Officer (DBL) | None reported | Dec 31, 2024 | |
| Principal Financial Officer (DBL) | None reported | Dec 31, 2024 | |
| 5% holder (DBL) | Sit Investment Associates, Inc.: 2,948,686 shares (16.1%) | Dec 31, 2024 |
- The proxy states that Trustees, nominees and the Funds’ officers as a group individually owned less than 1% of each Fund’s outstanding common shares as of December 31, 2024 .
Employment Terms
| Term | Disclosure | Source |
|---|---|---|
| Office/Title | Vice President of DBL | |
| Term length | Indefinite; serving since February 2019 | |
| Contract, severance, change-of-control | Not disclosed at the Fund level | |
| Non-compete / non-solicit / garden leave | Not disclosed | |
| Clawback / hedging / pledging policy | Not disclosed for officers in the proxy; no officer-level hedging/pledging detail |
Performance & Track Record
- Role scope is legal/compliance and fund officer administration (Vice President), not an investment performance role; no officer-specific performance or TSR metrics are disclosed in the fund proxy .
- Section 16 compliance: the Funds state that required insider ownership reports were complied with in FY 2024; one late Form 3 filing pertained to a trustee (Mr. Ciprari), not Rossetti .
Investment Implications
- Pay-for-performance transparency risk: The proxy confirms that officers employed by DoubleLine or affiliates (including Rossetti) are not compensated by the Funds; therefore, compensation design, performance metrics, and vesting terms—key to assessing alignment and retention—are set and reported at the adviser, not DBL. Fund investors lack visibility into his cash/equity mix, bonus metrics, or vesting schedules .
- Ownership alignment signal: Individual officer equity ownership in DBL is not disclosed (only trustees and the principal executive and financial officers are individually shown, with “none” for those two; officers and trustees collectively are in the “Over $100,000” dollar range), limiting assessment of Rossetti’s personal “skin in the game” at the Fund level .
- Retention and CoC economics: No fund-level employment agreements, severance, or change-of-control terms are disclosed for officers, suggesting retention drivers reside primarily within DoubleLine’s private employment arrangements rather than fund-level protections or incentives .
- Governance note: Board and committee structures are robust and independent, but these pertain to trustees; they do not provide officer compensation oversight detail at the fund level. Section 16 compliance shows no issues attributed to Rossetti, reducing headline governance risk on insider reporting for this officer .