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

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

Rating: Email Routing List Email & Route  Print Print
Monday, June 21, 2010

"What the Hell am I Going to Do?"

News summary by MFWire's editors

A sealed deal with Oaktree, pulling in $100 million on the launch day of DoubleLine Total Return and yoga are a few of the things Jeffrey Gundlach says are rewarding and keeping him calm. The founder of DoubleLine and former portfolio manager at TCW shares his thoughts in a Q&A with USA Today.

Among the Q&A highlghts:

Gundlach says that he had no plans to leave TCW and start a new firm ("... for those first few days, it was like 'What the hell am I going to do?').

Indeed, it was TCW employees who called him wanting to follow him when they heard he had been fired ("Within hours of being kicked out, many of the people who worked for me called up, and clearly, it was the case they wanted to leave and do whatever I was doing.").

He also claims that he had little support in terms of compliance, marketing and distribution at TCW which means he has a background in those areas to help build DoubleLine.

Gundlach does admit, though, that his biggest setback has been the suit filed by TCW claiming that he lifted systems and customer information from his former employer.

"Once the lawsuit came, the investors who have gatekeepers, middlemen and committees said, 'We're not going to hire you.' It's too easy to say, 'We'll go somewhere else,'" he admits. 

Edited by: Sean Hanna, Editor in Chief

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

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q3Q2Q1
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. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use