From Bloomberg via the Chicago Tribune:
Jeffrey Gundlach is the bond king, for now.
Over the past month, a stretch that saw the upheaval of financial markets around the world, Gundlach has beaten rivals including Tad Rivelle, Bill Gross, Dan Fuss and the Pimco Total Return Fund team by a wide margin. Gundlach's $48.2 billion DoubleLine Total Return Bond Fund returned 0.7 percent in the period; all of these peers except Rivelle showed losses.
Gundlach has prospered during the turmoil, as he has for much of the year, by betting that interest rates would stay low and by avoiding minefields such as emerging market currencies and energy bonds. The co-founder of DoubleLine Capital has repeatedly cast doubt on expectations that the Federal Reserve would raise interest rates this year because of weakness he sees in the U.S. economy....MORE