MutualFundWire.com: Gundlach Has Equities Aspirations

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Wednesday, September 12, 2012

Gundlach Has Equities Aspirations

Jeff Gundlach
DoubleLine Capital
CEO

Jeff Gundlach wants to take his star power to the equity mutual fund business. The DoubleLine [profile] co-founder and fixed income PM told Bloomberg's Alexis Leondis that within a few months he could hire teams to handle U.S. stock funds and a long-short hedge fund.

"I like the way equities are out of favor and I like doing things when they're popular," Gundlach told Bloomberg. "Equities are a superior investment to bonds for an inflation hedge and I like the ability to diversify and broaden the firm."

DoubleLine boasts $40 billion in assets under management, thanks in part to $21.9 billion in net inflows over the past 12 months.

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