Four months after his ugly split with TCW Group Inc., star L.A. bond fund manager Jeffrey Gundlach on Tuesday will launch his first mutual funds, hoping to lure some of the individual investors whose billions of dollars he managed at TCW.
Gundlach’s firm, DoubleLine Capital, said it would open the DoubleLine Total Return Bond fund and the DoubleLine Emerging Markets Fixed-Income fund after receiving Securities and Exchange Commission clearance Friday.
Gundlach, 50, was TCW’s chief investment officer until the firm fired him Dec. 4, saying he had threatened to leave the company and take his team with him. On the same day, TCW agreed to buy Metropolitan West Asset Management to take over management of its bond funds.
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