Bond King Jeffrey Gundlach: What to expect from his big investor meeting
Yahoo Finance Executive Editor Brian Sozzi previews exclusive coverage of DoubleLine's investor day on Wednesday and his exclusive interview with "The Bond King" DoubleLine Founder, CEO, and CIO Jeffrey Gundlach.
Video Transcript
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- Right now on a programming note, Yahoo Finance's Brian Sozzi will be in Florida for an exclusive interview with DoubleLine founder and CEO Jeffrey Gundlach. Here's why you need to tune in.
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BRIAN SOZZI: Jeffrey Gundlach is the co-founder, CEO, and chief investment officer of DoubleLine. He's known across Wall Street circles as the bond KING. Gundlach first became interested in finance after watching that over-the-top '80s TV show "Lifestyles of the Rich and Famous." He rose to prominence after predicting the 2007 subprime mortgage crisis and the global financial meltdown, which followed. In 2009, Gundlach founded the fixed income money management firm DoubleLine, which quickly became one of the fastest-growing investment firms in history. Today, DoubleLine manages close to $100 billion in assets.
Gundlach is estimated to be worth $2.2 billion, and he's one of the biggest modern art collectors in the world. He donated over $40 million to build a new art gallery in his hometown of Buffalo, New York. As the reigning bond king, Gundlach is known to weigh in on just about anything affecting the economy.
JEFFREY GUNDLACH: The relationship between the sides of the Fed's balance sheet and the market cap of the S&P 500 is what I call Gundlach's Law of Financial Physics.
BRIAN SOZZI: To politics.
JEFFREY GUNDLACH: The lack of cooperation in our government is, it's unprecedented, really, at least in my lifetime.
BRIAN SOZZI: In 2022, increasingly frustrated with California's government, he moved DoubleLine's headquarters from Los Angeles to Tampa, drawn by lower taxes, less government bureaucracy, and a more friendly business environment. In the year since that move to Florida, the economy has soured on inflation and recession fears.
- So a big interview with the new bond king coming up with our very own Brian Sozzi. Be sure to tune in.
