Key Words: Here’s what DoubleLine’s Jeffrey Gundlach thinks about Bill Gross’s ‘bond king’ slap down

by | Sep 12, 2023 | Stock Market

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, shook off Bill Gross’s comments at the Future Proof conference in Huntington Beach, California that suggested he couldn’t wear the crown of “bond king.” “I don’t care,” Gundlach said Tuesday at the event, in an interview that was aired by CNBC. “It’s sad” somebody who has been “out of the business” for about a decade may still be trying to “exorcise the demons,” Gundlach said. “I hope he’s doing fine.” 

Gross was known as the “bond king” when he exited fixed-income giant Pacific Investment Management Co. in 2014. He then went on to work at Janus Henderson before retiring in 2019.  During a live recording of the Odd Lots podcast at the Future Proof conference, Gross said that “to be a bond king or queen, you need a kingdom,” according to a Bloomberg news report on Sept. 11. He remarked, “Pimco had $2 trillion, ok? DoubleLine’s got like $55 billion. Come on — that’s no kingdom, that’s like Latvia or Estonia.” Read: Bill Gross quit by leaving a letter ‘in the middle of the night,’ says Pimco Also see: Storied ‘bond king’ Bill Gross to retire from Janus Henderson Gundlach said on Tuesday, “does the world really need to battle any billionaire ‘bond kings?’ The DoubleLine CEO said he never wanted or embraced that title, saying “I really don’t know what it means.” According to Gundlach, DoubleLine is doing “great” and the firm manages a lot more assets than the $55 billi …

Article Attribution | Read More at Article Source

Share This