On January 26th, we heard that Jeff Gundlach’s fund firm, DoubleLine, had $24 billion in assets under management.Today the official number is $25 billion.
That’s $1 billion in 5 days, two of which were not even business days. So it seems like they’re raising $333 million/day.
That is insane. The last time we looked at the speed of his fundraising, it was $100 million per day.
Now granted, some of the gain is probably due to capital appreciation, but… in 3 business days of a bond fund, you’re not going to get THAT much capital appreciation.