Bloomberg Illustrates the Gundlach Effect
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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.

Jeff Gundlach
The fund generated fees of almost $26 million in 2009.

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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