Half a year after the departure of Jeff Gundlach
and the Metropolitan West Asset Management
acquisition, how is TCW
holding up? Fundsters interested in pondering that question may want to take a look at the Morningstar Fund Spy
column yesterday. Sonya Morris paints
a picture of TCW's culture, which she describes as "a healthier place without Gundlach," a place that is "becoming more shareholder-focused than it was before."
Morningstar offers an overview of the Gundlach-TCW saga to-date and notes positive cultural influences from MetWest (in terms of increased team interaction and shareholder communication, as well as decreased fees).
"The MetWest team has brought a spirit of cooperation and collegiality to the firm, and it has also brought a long record of shareholder-friendly behavior that will hopefully bleed over to the rest of TCW," Morris concludes. "The recent changes hold promise and suggest that TCW's culture is heading in a healthier and more positive direction."
Neil Anderson, Managing Editor
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