Economics
DoubleLine’s Gundlach Says Chanos Is Greatest Hedge Fund Manager
- Would invest his money with ‘dour, curmudgeonly’ short-seller
- Yellen likely to sound dovish on interest rates, Gundlach says
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Jim Chanos, founder of Kynikos Associates, is the best hedge fund manager because he’s permanently bearish and avoids the group think that led others in his industry to lose money last year, according to bond manager Jeffrey Gundlach.
“The greatest hedge fund manager in the world is Jim Chanos,” Gundlach, chief executive officer of DoubleLine Capital, said Thursday during a wide-ranging presentation in Beverly Hills, California. “Jim Chanos is a permanent bear. He’s dour, he’s curmudgeonly, he’s bearish as hell all the time.”