Thursday, 24 July 2014
Last updated 13 hours ago
Sep 12 2012 | 11:28am ET
Jeffrey Gundlach knows bonds. But he's mulling an expansion of his hedge fund into stocks, which could include a long/short equity vehicle.
The DoubleLine Capital founder told a Webinar yesterday that the Los Angeles-based firm he co-founded with Philip Barach and which boasts $40 billion in assets despite getting its start just three years ago, may add "a couple" of stock-trading teams over the next few months. Those additions would then be charged with running a long/short hedge fund and a U.S. equity mutual fund.
"I like the way equities are out of favor and I like doing things when they're unpopular," Gundlach told Bloomberg News. "Equities are a superior investment to bonds for an inflation hedge and I like the ability to diversify and broaden the firm."
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…