Sunday, 26 April 2015
Last updated 1 day 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."
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…