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Jeffrey Gundlach (born October 30, 1959) is the founder of Doubleline Capital, an investment firm. He was formerly the head of the $9.3 billion TCW Total Return Bond Fund, where he finished in the top 2% of all funds invested in intermediate-term bonds for the 10 years that ended prior to his departure. He was fired by TCW in 2009. Barron's in a February 2011 cover story called him the "King of Bonds." He is a native of Amherst, New York and a graduate of Dartmouth College; he went to Yale University for a Ph.D. in theoretical mathematics before dropping out.
Jeffrey Gundlach founded Doubleline along with Philip Barach and 14 other members of Gundlach's senior staff from TCW. He was formerly co-manager of the $12 Billion TCW Total Return bond fund along with Philip Barach.
In 2012 he was included in the 50 Most Influential list of Bloomberg Markets Magazine.
Gundlach's Santa Monica home was burglarized in his absence in September 2012 and several pieces of art were taken along with some wine, five designer watches, cash and a prized 2010 red Porsche Carrera 4S. Some days after the theft, Gundlach added to a $200,000 "overall" reward a $1 million reward for the Piet Mondrian painting amongst the missing and a $500,000 reward for the Jasper Johns. The total value of the stolen property was put at $10 million at the time. Within weeks, a tip led to the recovery of the art works and arrests of suspects in the theft. The rewards—with the one for the Mondrian being termed a record for a single art work—were being said to have played a role in the recovery though no determination of payment had been made. The Porsche was still missing. Gundlach allegedly solved the crime himself by informing the officers of a stolen painting with only emotional value of his grandmother (with an uncommon name), thieves were likely to Google that name to determine the value.
Jeffrey Gundlach founded Doubleline along with Philip Barach and 14 other members of Gundlach's senior staff from TCW. He was formerly co-manager of the $12 Billion TCW Total Return bond fund along with Philip Barach.
In 2012 he was included in the 50 Most Influential list of Bloomberg Markets Magazine.
Gundlach's Santa Monica home was burglarized in his absence in September 2012 and several pieces of art were taken along with some wine, five designer watches, cash and a prized 2010 red Porsche Carrera 4S. Some days after the theft, Gundlach added to a $200,000 "overall" reward a $1 million reward for the Piet Mondrian painting amongst the missing and a $500,000 reward for the Jasper Johns. The total value of the stolen property was put at $10 million at the time. Within weeks, a tip led to the recovery of the art works and arrests of suspects in the theft. The rewards—with the one for the Mondrian being termed a record for a single art work—were being said to have played a role in the recovery though no determination of payment had been made. The Porsche was still missing. Gundlach allegedly solved the crime himself by informing the officers of a stolen painting with only emotional value of his grandmother (with an uncommon name), thieves were likely to Google that name to determine the value.
Bond-trader extraordinaire Jeffrey Gundlach spent decades helping Los
Angeles' TCW build its fixed-income business only to be kicked out in
2009. That prompted him to start cross-town rival DoubleLine Capital
with 40 other former employees, amidst a barrage of sordid allegations
and lawsuits. With financial backing from earlier TCW refugees, Howard
Marks and Bruce Karch of Oaktree Capital, DoubleLine has become the
fastest-growing mutual fund start-up in history and now has $67 billion
under management. Bill Gross' hasty departure from PIMCO in September
2014 to Janus has been a boon to DoubleLine and Gundlach, who is now is
considered the reigning king of bonds. Buffalo native Gundlach studied
math and philosophy at Dartmouth and then Yale, but gave up the pursuit
of a doctorate in 1985 to be the drummer in a punk rock band and then
answered a classified ad to get into investments. Gundlach is known for
his arrogance and bold calls--having correctly predicted the housing
crash in 2007, and more recently, the decline of interest rates in 2013
and 2014. He is passionate about modern art with an extensive collection
of works by artists including Warhol, Mondrian and Rauschenberg.
