$1.8 billion
up 5.9%
The sky isn’t falling just yet, though Gundlach still thinks it could happen any day now. Gundlach, 64, has kept true to his bond-first mantra, leaning into short-term debt while warning that the U.S. economy could still slip into recession. In March, he advised DoubleLine investors to diversify their holdings “away from all U.S.-only investments” and pegged the likelihood of a recession in the near future at 60%. The firm’s assets under management dipped to around $91.6 billion in August from around $96 billion in August 2024. Investment style: Gundlach still leans heavily on his “T-Bill and chill” mantra, pitching short-term government debt as the only sane play in a shaky economy. While he’s considered “The Bond King,” he has advised investors to avoid the long-term bond market for the immediate future in favor of three- and five-year U.S. Treasury notes and international stocks. He has also been riding the gold and copper rallies, calling gold’s long-term move to $4,000 a “measured” prediction in a March interview with CNBC.
