The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:The DoubleLine-M* Standoff Continues Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 15, 2015

The DoubleLine-M* Standoff Continues

News summary by MFWire's editors

Five and a half years in, and the Jeffrey Gundlach-Morningstar feud is still going strong.

Kirsten Grind of the Wall Street Journal is the latest to highlight the bad blood between Gundlach's Los Angeles-based fixed income mutual fund shop, DoubleLine Capital [profile], on the one hand and Chicago-based mutual fund ratings titan Morningstar on the other. M* is slated to review Gundlach's flagship, $46.3-billion, five-star DoubleLine Total Return Bond Fund this week, the paper reports, yet unnamed sources say that M* analysts' "fact-checking calls and emails are going unanswered."

M* tells MFWire the DoubleLine fund is one of only two U.S. open-end funds, out of 1,068, that M* has given a "not-ratable" analyst rating in recent years. M* has also had 13 more funds outside the U.S. that have been designated not ratable in recent years. And the DoubleLine fund is the only fund in the U.S., and one of only eight worldwide, that is currently designated not ratable.

The feuds dates all the way back to the days before Gundlach created DoubleLine, at the end of 2009, and DoubleLine stopped talking to M*'s research analysts in 2012. The new WSJ article offers an update on the latest fallout, as well as a look at back at the history. 

Correction: A prior version of this story gave the wrong contextual numbers around Morningstar's "Not Ratable" designations.

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use