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The Complete Gundlach Pink Slip Announcement
One wonders if Gundlach's potential "jeopardy" is worth the $1 billion already withdrawn by clients, as well as the 14 other people who have left the firm, and the replacement by a second-tier MetWest advisory team.
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i always like it when firms say "they had no alternative" but to do x, y, or z.
what about the rest of the alphabet?
Is the house of card tumbling?does the guy have that good track record as shown on Morning star,or is it a myth?. The A $10k has supposedly doubled form 1999,how true is that number?. (Frankly, we are at a point that we can't believe any number anymore,I have to see it in actual life).
jeffrey created more abs cdos than anyone in the world. they are all worth zero. ask those investors about his track record.
How do you come to such conclusion, mister?
just google news "tcw abs cdos". check out the stories during 06,07. amazing blowups. biggest subprime investors on the globe. at 100 cents on dollar!!!!!!!
He was fired cuz they were deeply worried about another Howard Marks situation. Marks left with a bunch of people, and TCW was worried Jeff would do the same.
this guy is toxic. bet on it.