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Friday, February 12, 2010|
Bloomberg Illustrates the Gundlach Effect
Citing a regulatory filing, Bloomberg on Thursday reported that TCW Total Return Bond Fund, which Jeff Gundlach managed until his December ouster, accounted for more than half of mutual fund advisory fees that TCW pocketed last year.
Since Gundlach was fired from TCW on December 4, investors have pulled more than $6.1 billion from the fund. It now has around $5.9 billion in AUM.
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