DoubleLine LLC

  • 06 Feb 2014 at 1:53 PM

Man Of Many Enthusiams Enthusiastic About Last Month

He’s not quite ready to throw a party or sing, but Jeffrey Gundlach sure is glad he was wrong about the Fed taper. Read more »

  • 05 Dec 2012 at 4:26 PM

Jeffrey Gundlach Had A Little Party Last Night

December 7, 1941. November 22, 1963. December 4, 2009. All dates of such historical and cultural significance that if you asked someone where they were that day, they’d surely be able to tell you. Because they weren’t just any old days; they were moments when everything changed. The bombing of Pearl Harbor; the assassination of JFK; and, perhaps most importantly, the firing of Jeffrey Gundlach from the TWC Group, which had taken issue with his decision to start his own firm, and choose to express that anger by first escorting him out of the building and second raiding his offices, where they found an amount of adult films and sexual devices that suggested Gundlach was operating an online wholesale sex shop distributor and keeping the inventory at work. TCW also sued its former employee and at the time, rather than roll over and take it which is something he would never do, Gundlach vowed to fight back and clear up the misconception that TCW was the victim in the situation. On the contrary, JG told people, the real victim was US taxpayers who were “promised” Gundlach’s services and had to settled for a subpar bond manager when his relationship with the firm was terminated. Gundlach ultimately emerged victorious* and perhaps even more satisfying to The Pope was the number of TCW employees and clients who followed him en masse to his new company, the aptly named DoubleLine Capital. We’re not sure how you celebrated last night’s hugely significant anniversary, but we do know how Gundlach did: Read more »

  • 24 Sep 2012 at 1:30 PM

You Wanna Play Hardball? Jeffrey Gundlach’s Game

A couple weeks back, bond manager, art collector, and porn buff Jeffrey Gundlach had $10 million worth of goods taken him from his home. The loot definitely included pieces by artists Guy Rose (“The Cathedral Tours”) and Joseph Cornell (“Medici Boy”) and possibly included works by C. Everette Smythe (“A Trip Down Mammary Lane”), Jules Jordan (“The Art of Female Ejaculation”), and Brandon Iron (“Swallow My Pride 2″). Understandably beside himself, Gundlach offered $200,000 for the return of his stuff and $1,000 for any information about the thieves who likely targeted his home knowing the vast array of riches to be found inside. Unfortunately, it appears that no leads have popped up and Gundlach has been forced to turn to Plan B: Read more »


Gundlach, second from right, with the members of Radical Flats, which included his wife, second from left. Gundlach was still in the band during his early years at TCW. He showed up for his first day on the job having “mastered the math in Sidney Homer and Martin Leibowitz’s Inside the Yield Book” which, he says, “Very few people can do. Like, very few. I quickly realized I knew more than most people who worked at TCW for years.” [BW]

But, of course, only on Fridays and Saturdays:
Read more »

“Gundlach was found today to have breached his fiduciary duty to TCW and misappropriated its trade secrets.The Los Angeles jury awarded the company no damages on the breach claim…The jury found that Gundlach and DoubleLine didn’t act willfully and maliciously in misappropriating trade secrets.” [BW, earlier]

In December 2009, bond guru and self-described “genius” Jeffrey Gundlach quit TCW to start his own firm, DoubleLine LLC. When he left, his former employer alleges, he took with him TCW staff, client information, and technology, which form the basis of their suit against JG (who prefers to be called “The Pope”) that is set to go to trial July 25. What Gundlach did not take with him and instead left in his office for TCW to find was a cornucopia of drugs, paraphernalia, toys and porn that gave the impression he was operating a online wholesale sex shop distributor and keeping the inventory at work. The stash included: Read more »