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Rating:Fortune Talks to the Former '$70 Billion Man' Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 10, 2010

Fortune Talks to the Former '$70 Billion Man'

Reported by InvestmentWires Staff, 

Fundsters following the twists and turns of the TCW-Jeff Gundach feud would be interested in Mina Kimes' lengthy Fortune article, Firing the $70 billion man.

To read the rest of the story of the fight between Gundlach and TCW, click here.

In the piece, Gundlach said that his December firing marked TCW's third attempt to oust him.

"All three of them were an attempt to just steal the economics," Gundlach told Kimes. "And this time they did it. Except they didn't steal the economics. They blew it up. They blew it up. They tried to steal the economics, but they didn't understand. They never understood."

The article also mentioned other details that fundsters may not have previously known about.

"Gundlach, meanwhile, is still setting up shop. He has been through a lot of late. He showed up at meetings in January with a black eye and cuts on his face, which he says came from tripping and colliding with his desk at home. On Feb. 1, his wife of more than 20 years, Nancy, filed for divorce. And Bill Gross was named fixed-income fund manager of the decade; Gundlach thinks he would have taken the prize if he hadn't been fired," Kimes wrote. 

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