Gundlach
Jeffrey Edward Gundlach (born October xxx, 1959) is an American investor and businessman. He is the founder of DoubleLine Capital LP, an investment business firm.
Early life
Jeffrey Gundlach was born October 30, 1959, in Amherst, New York,[one] to parents Ballad and Arthur Gundlach. His father (d. 2013) was a chemist for Pierce and Stevens Chemical Corp.[two] [iii] He is a graduate of Dartmouth College where he graduated summa cum laude in math and philosophy in 1981,[4] and attended Yale University for a Ph.D. in mathematics earlier dropping out.[v]
Career
Gundlach was formerly the head of the $ix.3 billion TCW Full Return Bond Fund, where he finished in the summit ii% of all funds invested in intermediate-term bonds for the 10 years that ended prior to his difference.[iv] He was fired by TCW in 2009.[half dozen]
DoubleLine Capital
In 2009, shortly after his firing from TCW, Gundlach founded Doubleline, along with Philip Barach and 14 other members of Gundlach'south senior staff from TCW.[7] Barach was Gundlach's co-director of the $12 Billion TCW Total Return bail fund.[7] In a February 2011 cover story, Barron's called him the "Male monarch of Bonds".[8]
On March 9, 2011, Gundlach was quoted on CNBC that "Munis Are The New Subprime." "You lot've got a history of low defaults, which is comforting. Just that kind of sounds like what subprime sounded like back in 2006," Gundlach said. Gundlach pointed out that even if defaults do not ultimately climb as high equally critics like Meredith Whitney have warned, muni bonds will likely trade much lower. "Betwixt hither and the stop game, lies the valley. And the valley is full of fear. I recollect the muni market is going to get down by at to the lowest degree, on the long end, something similar xv and 20 pct," he said.[9]
On March x, 2011, Gundlach reportedly liquidated 55 percent of his personal holdings in municipal bonds.[10] At the fourth dimension, Gundlach as well stated: "Nobody owns California general obligation bonds considering they think information technology's an improving credit story," he said, drawing chuckles from the audience.[ten]
In 2012, he was included in the 50 Most Influential list of Bloomberg Markets magazine.
Marketplace strategies
- 2014 marketplace outlook[11]
- 2013 marketplace outlook
Personal life
He was married to Nancy Draper, a bassist in his old band, "Radical Flat" (previously known as "The Greens),[iii] who filed for divorce from Gundlach in 2010 subsequently being married for more than than 20 years.[12] He currently lives in Los Angeles, California.[thirteen]
Dwelling burglary and recovery of art
Gundlach's Santa Monica domicile was burgled in his absence in September 2012. Several pieces of fine art were taken along with some vino, five designer watches, cash and a prized[14] 2010 red Porsche Carrera 4S.[15] Some days after the theft, Gundlach added to a $200,000 "overall" reward a $i one thousand thousand reward for the Piet Mondrian painting amongst the missing, and a $500,000 reward for the Jasper Johns. The total value of the stolen belongings was put at $ten million at the time.[14] [15] 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 accept played a role in the recovery though no determination of payment had been fabricated. The Porsche was still missing.[16]
Philanthropy
In 2016, Gundlach donated $42.five million to Albright–Knox Art Gallery in Buffalo, New York, equally function of their capital campaign and expansion project.[17] The gift represents the city's largest cultural gift from an individual, according to museum director Janne Sirén. The Gallery was renamed the Buffalo Albright-Knox-Gundlach Fine art Museum, or Buffalo AKG Art Museum for curt.[18]
References
- ^ Graham, Tim (July eight, 2014). Sources: Jeffrey Gundlach exploring Bills purchase, approached Jim Kelly. The Buffalo News. Retrieved July xi, 2014.
- ^ Dabkowski, Colin (30 Jun 2017). "Jeffrey Gundlach: The man backside the millions". The Buffalo News . Retrieved 7 May 2021.
- ^ a b Wile, Rob (May 22, 2012). "PRESENTING: The Amazing Life Of Jeff Gundlach, The Earth's Greatest Bond Investor". Business Insider . Retrieved 26 September 2016.
- ^ a b "The King of Bonds,", Barron's, Feb 21, 2011
- ^ Elfenbein, Eddy. "The Mind of Jeffrey Gundlach". Article. Crossing Wall Street. Retrieved 1 Dec 2013.
- ^ "Bail Star Jeffrey Gundlach to Launch New Fund," Wall Street Journal, July 29, 2011.
- ^ a b " "Jeffrey Gundlach, Bond Savant," BusinessWeek, May 10, 2012
- ^ Laing, Jonathan R. (February 21, 2011). "The King of Bonds". Barron'southward . Retrieved 26 September 2016.
- ^ "Jeffrey Gundlach: Munis Are The New Subprime". CNBC.
- ^ a b Reuters Editorial (10 March 2011). "Fund manager Gundlach slashes Usa muni holdings". Reuters.
- ^ Sam Ro (14 Jan 2014). "Jeffrey Gundlach'due south 2014 Outlook - Business Insider". Business Insider.
- ^ Kimes, Mina (March 10, 2010). "SPECIAL Written report:Divorce American style for French bank, bond star". Reuters . Retrieved 26 September 2016.
- ^ Dabkowski, Colin (24 September 2016). "How fate, his Mom and the Garden Walk brought Gundlach's souvenir to the Albright-Knox". The Buffalo News . Retrieved 26 September 2016.
- ^ a b Britt, Russ, "Bond guru Gundlach bets big bucks to get his stolen fine art back", MarketWatch, September 24, 2012. Retrieved 2012-09-25.
- ^ a b "Multimillionaire financier victim of $10-meg heist", LA Times, n.d. Includes a slide show of nine pieces of stolen fine art including the Mondrian (#7), the Johns (#6) and a Joseph Cornell (#8). Retrieved 2012-09-25.
- ^ Bel Bruno, Joe, and Stuart Pfeifer, "Art stolen from Jeffrey Gundlach is recovered; two arrested", LA Times, September 27, 2012. Retrieved 2012-10-02.
- ^ Martin, Susan (September 26, 2016). "Garden Walk Buffalo thrilled by billionaire's recognition". The Buffalo News . Retrieved 26 September 2016.
- ^ Pogrebin, Robin (23 September 2016). "Buffalo Museum, Ready to Aggrandize, Raises Money at Breakneck Footstep". The New York Times . Retrieved 26 September 2016.
External links
- "Firing the $70 billion human: Full version," Fortune, March 10, 2010
- "The Decline and Fall of the Roman Empire", presentation given by Gundlach on 14 February 2012 (annotation that the presentation incorrectly dates this presentation equally 2011), comparing the United States' debt and military profile to that of the tardily Roman Empire.
- Levine, Deborah, "Bail guru Gundlach on the U.S., People's republic of china and Apple", MarketWatch, Oct xviii, 2012.
- "The Mind of Jeffrey Gundlach," Crossing Wall Street, Apr 22, 2013
This page was terminal edited on 3 March 2022, at xx:fourteen
Source: https://wiki2.org/en/Jeffrey_Gundlach
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