| Jeff Gundlach|
wants to take his star power to the equity mutual fund business. The DoubleLine
] co-founder and fixed income PM told Bloomberg
's Alexis Leondis that within a few months he could hire teams to handle U.S. stock funds and a long-short hedge fund.
"I like the way equities are out of favor and I like doing things when they're popular," Gundlach told Bloomberg
. "Equities are a superior investment to bonds for an inflation hedge and I like the ability to diversify and broaden the firm."
DoubleLine boasts $40 billion in assets under management, thanks in part to $21.9 billion in net inflows over the past 12 months.
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now