Jeffrey Gundlach

Jeffrey Gundlach

Chief executive, Doubleline

A superstar bond manager for the past 26 years, Jeffrey Gundlach, 58, looks at the world through a mathematician's eyes, using spatial examples to explain economic and financial concepts. What makes bonds so appealing as a specialty? "They are more purely quantitative, along with interactions with inflation, the economy and some complex cash flows," Mr. Gundlach said.

DoubleLine, the firm he co-founded seven years ago, has more than $100 billion in assets under management today.

In recent years, Mr. Gundlach began to analyze the behavior of the world beyond bonds.

"The same thought processes applied to the 3-D puzzle of the message of the markets," he said. "For example, if you look at interest rates, gold, currency markets, the Fed there are times when they all fit together. If you think of the world as a cube, there is an essential driving force that explains everything."

He looks for ideas that are broadly held and he tests them, asserting that what matters is having a good sense of how people will react to developments in two years.

An art collector and a huge booster of his hometown of Buffalo, N.Y., Mr. Gundlach recently donated $42.5 million to the city's world-class Albright-Knox Art Gallery, which will soon be renamed the Buffalo Albright-Knox-Gundlach Art Museum.

He also bought a home just down the block from the museum to be closer to the action as it undergoes a major renovation.

"It's the same place my grandmother and mother used to drag me to when I was a kid," he said. "I found buying another painting less fulfilling than helping the museum."

Deborah Nason

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.