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

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

Rating:You Know the New Email Routing List Email & Route  Print Print
Monday, November 10, 2014

You Know the New "Bond King", But Do You Know His Crown Prince?

News summary by MFWire's editors

If Jeffrey Gundlach is the new bond king, then it's time to meet Gundlach's crown prince.

In a five-page profile (initially titled "King Me", later tweaked to "Glory To The New Bond King"), Forbes' Matt Schifrin details the rise of the 55-year-old DoubleLine [profile] CEO (now a billionaire). The piece also offers another glimpse at Gundlach's part in the recent Bill Gross drama, as well as some investing and non-investing comments from Gundlach.

And the article also highlights four of Gundlach's lieutenants, all PMs: Bonnie Baha on global developed credit, Vitaliy Liberman on mortgage-backed securities, Luz Padilla on emerging markets, and Jeffrey Sherman on multi-asset strategies and new product development. Forbes dubs 37-year--old Sherman as "emerging as the front-runner to eventually succeed Gundlach."

Fundsters interested in some of the latest Gundlach quotes on a variety of subjects, from Pimco to interest rates to labor force issues in countries like Russia and Italy, or those who want an up-to-date refresher on the Los Angeles-based mutual fund shop he built, may want to read the full article. Here's a juicy tidbit: Oaktree Capital Management invested $40 million in DoubleLine at launch five years ago for a 20-percent stake, a stake now estimated to be worth nearly ten times as much, even after Oaktree has taken more than $90 million in distributions since DoubleLine launched.

Oh, and Gundlach has tried his hand at painting in the style of the "double line" style of Piet Mondrian (which inspired Gundlach's firm's name). Gundlach says it's "surprisingly hard" to paint the Mondrian way. 

Edited by: Neil Anderson, Managing Editor


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
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:
Raw XML
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