MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, December 2, 2010 TCW Fires a Fresh Shot in Gundlach's Direction The feud between TCW [see profile] and its ex-chief investment officer Jeffrey Gundlach doesn't appear to be ending any time soon. Yesterday, TCW filed a complaint against DoubleLine Funds Trust. The suit contains accusations of misappropriation of trade secrets and unfair competition, Bloomberg reports. To read the rest of the story of the fight between Gundlach and TCW, click here. The suit marks the latest chapter in the drama surrounding Gundlach's ouster from TCW and the subsequent launch of DoubleLine Capital [see profile]. TCW ousted Gundlach on December 4, 2009. Two weeks later, Gundlach announced the formation of DoubleLine. In April of this year, the firm launched its first two mutual funds. TCW in January filed suit against Gundlach and a handful of other individuals. Gundlach launched a countersuit in February. See also coverage of the new suit from the Los Angeles Times. Printed from: MFWire.com/story.asp?s=35284 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |