Unstructured Finance

Jeffrey Gundlach, on his year as new ‘King of Bonds’

By Jennifer Ablan
December 15, 2014

Gundlach, star bond investor and head of DoubleLine Capital LP,  is photographed during an interview in New YorkWhen Bill Gross shocked the investment world on Sept. 26 by storming out of Pimco, the most prominent bond investor in the world didn’t stop leaving people stunned.
It was later revealed by Reuters that Gross had paid an unlikely visit to his fiercest rival: Jeffrey Gundlach.
For two decades, the two had no relationship or interaction at all, even though their personas were intertwined, compared and contrasted often in the financial media and by other bond market players. (Morningstar named Gross “Fixed Income Manager of the Decade” in 2010, an award for which Gundlach was a finalist. Then in 2011, Barron’s magazine anointed Gundlach as the new King of Bonds.)
Gross not only unexpectedly departed his firm for under-the-radar Janus Capital but also considered joining Gundlach’s DoubleLine Capital. Gundlach said the so-called “Dream Team” didn’t work out but “you never know what will happen in the future.”
Overall, the gesture by Gross officially affirmed the investment world’s long-held view that Gundlach had been anointed the new Bond King.
What follows are excerpts of my hour-long interview – unfortunately, not on the north loggia of Gundlach’s Los Angeles home — about Gundlach’s investment calls (old and news ones), his competitors, the future of fixed income and his firm’s fifth year anniversary which was celebrated on Sunday.

Alexander Soros says environmental activists should be considered ‘great heroes’

By Jennifer Ablan
November 17, 2014

Alexander Soros, the son of legendary investor George Soros, said the death of a Peruvian environmental activist fighting to save the Amazon rainforest moved him to act.

Pimco CEO Hodge still taking resumes

By Luciana Lopez
November 10, 2014

Pimco’s latest hiring – or rehiring — spree isn’t done just yet.

from Global Markets Forum Dashboard:

GMF @HedgeWorld West, World Bank/IMF and Financial & Risk Summit Toronto 2014

October 3, 2014

(Updates with guest photos and new links).

Join our special coverage Oct. 6-10 in the Global Markets Forum as we hit the road, from the West Coast to Washington to the Great White North.

How Babel became Symphony

October 1, 2014
The communications platform announced this week went through several different names before Symphony.

The idea for a communications platform went through several names before Symphony.

Lessons from Buffett-palooza: Six months in

By Luciana Lopez
July 2, 2014

Buffett.jpgSure, there were the prosaic T-shirts with Warren Buffett’s face at the annual Berkshire Hathaway meeting this May. But there were also boxers. Ketchup bottles. Rubber ducks. Why not? The country’s most famous investor is also its most consummate pitchman – only one of the distinctions that differentiate Berkshire Hathaway from other companies.

‘Bond King’ Gross speaks to 700 at Pimco client event in Big Apple

By Jennifer Ablan
June 24, 2014

By Jennifer Ablan

Bill Gross did something last week he rarely does — venture from his Newport Beach, Calif. home to meet with investors twice. 

GUEST BLOG: Edge over the markets and do you have it?

December 20, 2013

This is a guest post from author and former hedge fund manager Lars Kroijer. The piece reflects his own opinion and is not endorsed by Reuters. The views expressed  do not constitute research, investment advice or trade recommendations.

Jim Chanos, bad news bear, urges market prudence

By Jennifer Ablan
December 9, 2013

Prominent short-seller Jim Chanos is probably one of the last true “bad news bears” you will find on Wall Street these days, save for Jim Grant and Nouriel Roubini. Almost everywhere you turn, money managers still are bullish on U.S. equities going into 2014 even after the Standard & Poor’s 500’s 27 percent returns year-to-date and the Nasdaq is back to levels not seen since the height of the dot-com bubble in 1999.