DoubleLine LLC

"Strike one"Just about a month earlier Bill Gross of Pacific Investment Management Co., the reigning master of the bond universe for two decades, requested an audience with Gundlach…“Bill was in his own world,” says a house-proud Gundlach, with a tone of disdain. “He doesn’t say anything [about my place]. Nothing. Doesn’t eat anything or even take a sip of water in three hours.” [Forbes]

Back in August, we learned that bond guru Jeffery Gundlach was “preparing a possible bid” for the Buffalo Bills, his hometown team. When yesterday it was reported that the organization had reached an agreement with Sabres owners Terry and Kim Pegula who offered $1.4 billion to become the new owners, we wondered how Gundlach would take the news. After all, this is a man known for getting what he wants, be it his art back from the crooks who stole it, for people to address him as the Pope, the satisfaction of throwing a party specifically designed to tell his former employer to suck it, or a vintage edition copy of Ass Traffic Vol. 49. To that end, he has never bit his tongue when commenting on a situation in which he felt he was done dirty or that others were in the wrong. So it was surprising to read the statement he released today, in which he sounded curiously upbeat about losing out on the team. Read more »

  • 13 Aug 2014 at 1:37 PM

Jeff Gundlach May Add New Title To His Résumé

Bond trader. Criminal investigator. Party planner. Art lover. Porn aficionado. NFL owner? Read more »

DoubleLine Capital, the bond management firm run by Jeffrey Gundlach, said on Monday it had hired an executive from rival Pimco to run a new unit focused on developing new investment products and lines of business, particularly outside the United States. DoubleLine named Ignacio Sosa, previously Pimco’s executive vice president for global bond product management, director of its newly formed Product Solutions Group. He starts on May 12 and will report to Gundlach. Sosa’s departure comes after a management shakeup and months of investor outflows at Newport Beach, California-based Pimco. [Reuters, related]

  • 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 »

As you may have heard, at some point last week, bond manager Jeffrey Gundlach was robbed. Thieves took $10 million worth of stuff from the Doubleline founder’s Santa Monica pad, including a couple of paintings, a few watches, some high-priced wine, a 2010 Porsche Carrera 4S, and whatever cash was lying around. While it’s unclear if the burglars made away with Gundlach’s collection of priceless pornographic films and sexual apparatus; if he was targeted specifically because the thieves knew they could get their hands on the original copy of Dr. Fellatio 16; or if they were tipped off by JG’s regular pizza delivery guy, cable repairman, or pool boy, what is clear that Gundlach is pissed, pissed like a man who is no longer in possession of Ass Traffic Volume 2: The Director’s Cut.  And that’s where you come in. Read more »