MutualFundWire.com: Will Gundlach Leave Cali?

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Monday, September 28, 2020

Will Gundlach Leave Cali?

A famous fundster is making it sound like he, or his mutual fund firm, or both, might leave their home state of California.

Jeffrey E. Gundlach
DoubleLine Capital
CEO

On Saturday, Jeffrey Gundlach, CEO of DoubleLine Capital [profile], tweeted about a famous trio who "are leaving California to escape incompetent governance." Gundlach's tweet did not mention his $137-billion-AUM (as of June 30) asset manager, which has been based in Los Angeles since launching almost 11 years ago. Yet he seems to hint that he, too, is thinking of some kind of exit from the Golden State.

"Should I align with 3 smart guys, or Sacramento? Hmm," Gundlach concludes.

Gundlach also highlights California's state government's plans for "wealth and massive income tax increases on job creators (AKA 'the wealthy')."

The high profile bond fund manager originally hails from Buffalo, New York, but after college out east he has spent decades in the City of Angels, at DoubleLine and a nearby rival.

Printed from: MFWire.com/story.asp?s=61928

Copyright 2020, InvestmentWires, Inc.
All Rights Reserved