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Rating:Gundlach Talked to Pimco in '09 About Succeeding Bill Gross Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, August 30, 2011

Gundlach Talked to Pimco in '09 About Succeeding Bill Gross

News summary by MFWire's editors

According to a former consultant for Trust Company of the West (TCW [see profile]) under Jeff Gundlach says that Gundlach thought he would be taking over for Pimco superstar Bill Gross. Yesterday Roger Brossy testified that Gundlach (now CEO of DoubleLine [see profile]) revealed negotiations with Pimco before TCW fired him.

To read the rest of the story of the fight between Gundlach and TCW, click here.

Reuters and the Los Angeles Times both reported on Brossy's testimony.

"Pimco wants me to succeed Gross," Gundlach said in early 2009, according to Brossy.

Gundlach claims he had no intention of leaving TCW and that his former employers fired him to avoid shelling out hundreds of millions of dollars in fees. TCW, on the other hand, describes the firing as a safeguard, alleging that Gundlach and his colleagues were swiping trade secrets and planning to jump ship. 

Edited by: Neil Anderson, Managing Editor

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