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TCW Sues Former Star Manager Gundlach

Posted on: January 8, 2010 by PEHub AdministratorNo Comments »

BOSTON (Reuters) – Trust Company of the West sued its former chief investment officer, Jeffrey Gundlach, accusing him of stealing confidential data, lying to potential clients and keeping drugs and pornographic materials in his office. TCW, the U.S. asset management unit of French bank Societe Generale (SOGN.PA), said in its lawsuit filed on Thursday that [...]

TCW Defections to DoubleLine Reach 39

Posted on: December 18, 2009 by PEHub AdministratorNo Comments »

NEW YORK (Reuters) – Jeffrey Gundlach, the ousted investment chief of TCW Group Inc., told Reuters on Thursday he has attracted at least 39 TCW employees to his new firm, DoubleLine LLC. Assets in TCW Group Inc’s Total Return Bond Fund (TGLMX.O) have droppped by $4.76 billion since Gundlach was fired on December 4, to $7.26 [...]

Oaktree Capital Backs Jeffrey Gundlach’s New Firm

Posted on: December 14, 2009 by PEHub AdministratorNo Comments »

Oaktree Capital Management has acquired a minority equity position in DoubleLine LLC, a Los Angeles-based investment advisory recently formed by ex-TCW chief investment officer Jeffrey Gundlach.