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

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

Rating:Societe Generale Says Goodbye to TCW's Founder Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 17, 2010

Societe Generale Says Goodbye to TCW's Founder

News summary by MFWire's editors

Even as his brainchild is locked in a separate legal battle with a former employee here in the U.S., Robert Day is setting aside one of his hats across the Atlantic. Reuters' Julien Ponthus reports that the TCW founder resigned on December 31 from the board of Societe Generale, the French bank that owns TCW.

A SocGen spokeswoman told Reuters that Day left "for personal reasons."

Day, the former mentor of estranged ex-TCW investment guru Jeff Gundlach, faces a class action lawsuit in the U.S. and a French regulatory investigation over his sale of Societe Generale stock before the January 2008 revelation of $6.69 billion in losses thanks to a junior trader.

Meanwhile, Gundlach and his new firm, DoubleLine, continue to duke it out in court in the wake of Gundlach's ouster and TCW's merger with MetWest in December. 

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