Jeffrey Edward Gundlachย is a businessman, fund manager, and philanthropist. He is theย founderย ofย DoubleLine Capital, an investment firm. His ‘long-term’ position in gold dates back to $300. He manages approximately $96 billion in assets.
On 11 November 2020, Gundlach remarked in an interview with Real Vision that he โwas previously positive on the US dollar for six to seven years until he turned negative on the US dollar since January 2017.โ
He was quoted on CNBC, that the โdollar is doomedโ and โultimately, the size of our deficits โ both trade deficits which has exploded post-pandemic and the budget deficit, which is obviously, completely off the charts โ suggest that in the intermediate term โ I donโt really think this year, exactly, but in the intermediate term โ the dollar is going to fall pretty substantially.โ He further re-affirms this by stating โIn the long term, I think the dollar โฆ. is doomed.โ
LATEST VIDEO
Gundlach was formerly the head of the $9.3 billion TCW Total Return Bond Fund, where he finished in the top 2% of all funds invested in intermediate-term bonds for the 10 years that ended prior to his departure. He was fired by TCW in 2009. In the aftermath, Gundlach and TCW sued each other and went to jury trial in California; TCW alleged that Gundlach stole trade secrets (TCW prevailed, but was awarded $0 for the claim), Gundlach sued over compensation claims (Gundlach prevailed, and was awarded $66.7 Million).
In 2009, shortly after his firing from TCW, Gundlach founded Doubleline, along with Philip Barach and 14 other members of Gundlachโs senior staff from TCW. Barach was Gundlachโs co-manager of the $12 Billion TCW Total Return bond fund. In a February 2011 cover story, Barronโs called him the โKing of Bondsโ
