My friend Roben got to hang with Jeffrey Gundlach out in LA for a BusinessWeek profile that tells the entire story of DoubleLine’s genesis and evolution into a multi-asset class fund shop…
He dives into why he alone can trounce the competition in bond funds. “I can still do about 7 percent in a world of 2 percent,” he says. “You stress-test your portfolio constantly. You think about it and analyze it to death. Other people don’t know how. I wish I could teach it to somebody.”
Since DoubleLine first took investor money in April 2010, it has amassed $34 billion in assets. Even as it quadrupled in size last year, DoubleLine’s $22 billion Total Return Bond Fund (DBLTX) outperformed 99 percent of its rivals. The firm takes in $80 million to $100 million in new client dollars every day.
Click over for the whole story, including an amazing photo from when Gundlach was a member of 80’s mope-rock band, The Cure.