This is just unbelievable.We’ve just received word from fund company DoubleLine Capital — the firm started by bond god Jeff Gundlach — that total assets under management is $23 billion.
The last time we had an update from them was on January 3, when they said that AUM was $22 billion.
That means they’ve added $1 billion in AUM in 10 days.
Prior to that, we heard they were at $21 billion on 12/15, so it was a tad slower over the holidays, but still insanely fast.
Jaw. On. Floor.
As for how he does it? Basically stellar performance, and a great media pesonality. The stumbles of the old bond god, Bill Gross, probably helped.
See here for our interview of Gundlach from last year.