Jeff Wins

In a new profile of Jeffrey Gundlach at Forbes, reporter Matt Schifrin makes no bones about the fact that the LA bond manager is now the undisputed king. This is something I’ve said for awhile now (full disclosure, we utilize DoubleLine Funds for client and personal accounts).

Jeff says a lot of interesting and provocative things in the piece. He believes the moment the Fed raises rates, which they may do simply because they’d like to reload the gun for future use, the dollar will run up, there will be a flight to Treasurys and there is a 30% chance that we will end up exporting deflationary pressures to countries around the world. He views the current period as a “calm before the hurricane” and looks for the horrendous demography of both developed nations and EM nations like China and Russia to cause the next calamity. Gundlach points to the support ratios of the world’s labor-to-retirees as a cause for concern, not least of all because these costs will simply be added to all of the debt we’ve taken on now, a decade ahead of time.

Looking inward, Jeff explains why DoubleLine’s Total Return flagship fund will never accept $100 billion in AUM – “we’re not ambulance chasers” – and he casts quite a bit of doubt that PIMCO’s Total Return fund can actually be managed by committee – “I don’t buy for a second that they will all work together and with no conflict.”

This is easily the best thing you will read today. It begins here:

Bond manager Jeffrey Gundlach is wearing a white T-shirt, faded blue jeans and worn leather boat shoes as he traipses about the blooming morning glories in his perfectly landscaped backyard, perched high above a canyon overlooking the deep blue Pacific Ocean. It’s the middle of the afternoon on a work Monday in October; European bank stocks are tumbling; oil prices are down 25% since June; and against the backdrop of an anemic economy and 2.25% ten-year Treasury, the Federal Open Market Committee is about to make an important announcement. These are unsettling times in the financial markets, but for Gundlach it’s a picture-perfect autumn day in southern California, and he is living in paradise.

Keep reading:

Glory To The New Bond King (Forbes)



This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. devsecops as a service commented on Dec 02

    … [Trackback]

    […] There you can find 7755 additional Information on that Topic: […]

  2. 토토사이트 commented on Dec 03

    … [Trackback]

    […] Info to that Topic: […]

  3. Functional Testing commented on Dec 19

    … [Trackback]

    […] Information on that Topic: […]

  4. fake rolex commented on Dec 21

    … [Trackback]

    […] Info to that Topic: […]

  5. royal bank online commented on Jan 03

    … [Trackback]

    […] Find More Information here to that Topic: […]

  6. 墨尔本二手车 commented on Jan 15

    … [Trackback]

    […] Here you will find 6608 more Info to that Topic: […]

  7. Digital Transformation commented on Jan 16

    … [Trackback]

    […] Read More to that Topic: […]

  8. Ronbow Chloe manuals commented on Jan 20

    … [Trackback]

    […] Here you will find 32145 more Information on that Topic: […]