A regional Fed bank president and a man of many enthusiasms suggest that there will be no taper in your trick-or-treat bag or under your Christmas tree. Read more »
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 »
There is no denying that Jeffrey Gundlach is a hugely talented man whose IQ would rank among the highest in the world if he ever had it tested. “What’s it like having lunch with a genius,” he once asked a colleague, who presumably answered, “To be honest, it’s giving me an inferiority complex just breathing the same air as you, knowing that your brain is the standard for how intelligence will be measured from now until the end of eternity.” Until recently, however, the application of Gundlach’s brilliance was largely confined to bond management. According to a new profile by Bloomberg Markets, though, Gundlach’s intellectual prowess is just as if not more impressive when it comes to crime solving. Read more »
4:00-4:05 Either people who have never taken part in a conference call are participating today and pressing buttons on their phone every five seconds or someone is thrusting someone else up against their office phone over and over and over again.
4:06 Gundlach is offering $1 million for information leading to the return of each stolen piece of the Mondrian and $500,000 for the Jasper Johns and Joseph Cornell pieces. $200,00 for information in general still stands.
4:07 Buttons are still being pressed, now sirens in the background. Shouts of “what the fuck is going on here” are heard.
4:08 Talking Heads’ “This Must Be The Place” is now playing (over the sirens).
4:10 Someone is still tapping their pound key and while no one officially ends the call, Gundlach/whoever is running this seem to have lost interest and leave without saying good-bye. Read more »
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 »
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]