Former TCW CIO Talks To CNBC's Jane Wells (VIDEO)

Jun 14 2010 | 3:06pm ET

In his first television interview since being fired by TCW, Jeffrey Gundlach spoke with CNBC Monday. His bond fund, DoubleLine Capital, has done twice as well as TCW since it was launched on April 6 this year, and three times better than PIMCO. DoubleLine now has $610 million in assets under management.



TCW Group fired Gundlach in December and is suing him and three other former employees for allegedly trying to steal the Los Angeles-based traditional and alternative asset management firm’s clients and proprietary information. But that is only the beginning, with TCW throwing in a little character assassination, alleging that “Gundlach’s unfitness to continue as a TCW officer was strongly corroborated by discoveries TCW made the day that it relieved him of employment duties.” According to TCW, those discoveries included marijuana and drug paraphernalia—some of it “bearing evidence of recent use”—and a whole host of sexually explicit materials, including 34 “hardcore” pornographic magazine and 36 DVDs and videotapes of the same ilk. The firm also said it found “a collection of 12 sexual devices.”

Gundlach isn't taking any of this lying down. He is counter suing, claiming TCW owes him and his team potentially $1.25 billion in current or future fees from funds he started at the firm, though he did tell CNBC's Jane Wells today that he would indeed be open to settling with TCW.

Airdate: Monday, 14 Jun 2010 


 


In Depth

Why Ponzi Schemes Work: An In-Depth Look At The Allen Stanford Fraud

Dec 21 2014 | 10:30am ET

Texan Allen Stanford first appeared on the radars of financial regulators in 1997...

Lifestyle

Hedgie Funds US Squash Program

Dec 24 2014 | 8:46am ET

Squash, anyone?

Guest Contributor

EidoSearch’s Top Three Market Projections For 2015

Dec 23 2014 | 4:03am ET

It is that time of year again when prognosticators make their big market calls for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.