Jeffrey Gundlach’s Milkshake, Sex And Drug Paraphernalia Bring All The Investors To The Yard

Suck it, TCW. No, really. Do it.

Congratulations are in order for Jeff Gundlach and the DoubleLine Team! In addition to being ranked number one globally in asses (on tape), the new firm has gathered the most assets among 2010 fund launches. Naturally this calls for a celebration and a screening of Ass Traffic Volume 2 at the office would probably be most fitting, if anyone has a copy lying around.

Jeff Gundlach’s new fund is the most successful mutual fund launch of the year, but it is not the only success. Numbers just out from Morningstar show that Pimco, AQR and Fairholme are also pulling in assets with new mutual funds. The data was released by Morningstar in its May U.S. Mutual Fund and ETF Asset Flows report. Of the 80 non-target date funds launched so far in 2010, DoubleLine Total Return has pulled in $610 million since its early April launch. That puts DoubleLine’s fund more than $100 million ahead of the No. 2 new fund — Pimco EqS Pathfinder, an equity fund which pulled in roughly $500 million over a similar time span. The Pimco fund is PM’d by a pair of former investment professionals who jumped from Franklin Resources’ Mutual Series family.

The news must be especially sweet to Gundlach, who founded DoubleLine after leaving TCW last December. At TCW, he was the PM for TCW Total Return, a rival fund to Pimco’s flagship Total Return fund PM’d by Bill Gross.

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25 Responses to “Jeffrey Gundlach’s Milkshake, Sex And Drug Paraphernalia Bring All The Investors To The Yard”

  1. Anonymous says:

    hahaha. just spit my chocolate milk out. sweeeet caption on the pic.

  2. Anonymous says:

    Gentle like a flower.

  3. Anonymous says:

    Am I the only one that thinks Gundlach sounds like the name of some obscure sexual maneuver, possibly involving a gerbil covered in crisco?

  4. Guy still in 2008 says:

    I’ve developed a theory regarding where SEC resumes will be dropped now that Madoff is out of business. Common interests really do bring a team together.

  5. Anonymous says:

    @3 yes

  6. Richard Gere says:

    @3 No

  7. Anonymous says:

    @3 Maybe?

  8. Anonymous says:

    4- english please

    Bees- you have figured that revealing your extensive knowledge of porn is sexy. Good for you. Question: astro glide or KY warming?

  9. Anonymous says:

    Newest title in his collection. “One Cup, Two Kouwes”

    Ps. Bess when is the Stamford field trip finally going to happen. Your first ten dances are on me. By that I mean i will buy them. Unless you are willing to dance in which case lucky me/ us

  10. Anonymous says:

    Milkshake? More like a prostate milking!

    – The Gay Banker

  11. Michaels, Gregory says:


  12. guest says:

    Is AQR supposed to be phonetic for “A Queer?” -NTTAWWT.

  13. Anonymous says:

    He also holds the record for more senior executive departures over the shortest period since starting Doubleline! Chief Financial Officer: QUIT. Chief Compliance Officer: QUIT. Chief Administrative Officer: QUIT. Wishes they could quit?: OAKTREE.

    $650 million in assets will not support 50 employees…especially when they have never been paid yet.

  14. big fan says:

    everyone else is looking to leave 2. resumes all over…some maybe going back to tcw.

  15. Anonymous says:

    Mudbone is Gundlach’s dream date.

  16. Anonymous says:

    Was Gundlach the name of one of the nazi prison camps?

    – Not an anti-semite, just a history buff (I think…)

  17. Having a reputation for being weird or deranged never hurt anyone on Wall Street.

  18. Charlie Cardall says:

    @13 & 14: Revenues must exceed expenses eventually. Many employees equals many expenses. Where is all the AUM flow previously boasted about at launch back in December (:ie “$50 billion AUM by YE 2010 and $100 billion AUM by YE 2011″). Gundlach to DL employees: “Ignore the man behind the curtain”

  19. Walter Cousins says:

    DL ain’t the grandiose start-up success Mr. Gundlach initially claimed it would be. Some competent and able bodied staffers have stopped drinking the kool aid and now are bailing for greener pastures (or are commencing search activity to do so).

  20. Teresa Davidson says:

    @13 I thought DL equity was supposed to be a perk designed to attract AND RETAIN key employees? What happened?

  21. EvilBuzzard says:

    A Trip Down Mammary Lane? Starring Dehbralee?

  22. Janey Janson says:

    What is the story on the Gundlach’s $1 billion lawsuit?

  23. assbear says:

    Kouwe – call me! I’ve got something for you.


  24. Anonymous says:

    CNBC this week features Gundlock. My favorite quote when asked about the lawsuit: “none of it’s true”, hedged later with, “I’ll settle”. At least it’s the same tune he is singing — he reported to Morningstar, the cleaning lady must have planted the drugs in his office. Then why did he send a letter to clients that he had pot in a box sitting around as “vestiges of his past”?? I for one will never smoke his peace pipe like many at Doubleline.