Ex-TCW exec Gundlach gets backing from Oaktree

Ex-TCW exec Gundlach gets backing from Oaktree
Jeffrey Gundlach, ousted early this month as chief investment officer of TCW, announced today he has established a strategic relationship with Oaktree Capital Management LP in which Oaktree will help his new firm, DoubleLine LLC, establish its own operational infrastructure.
DEC 09, 2010
In addition, Oaktree will receive a minority equity position in DoubleLine. Mr. Gundlach was terminated by TCW Asset Management on Dec. 4. TCW announced his termination at the same time the firm reported that it was purchasing Metropolitan West Asset Management LLC. Mr Gundlach served as TCW’s chief investment officer and lead portfolio manager in its high-grade fixed-income funds and accounts unit. After his departure from TCW, Mr. Gundlach indicated that he was looking to take some of his team members and set up shop elsewhere.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound