CEO of DoubleLine Capital Jeffrey Gundlach

CEO of DoubleLine Capital Jeffrey Gundlach

Scott Eells/Bloomberg

Gundlach, who said in December investors should hold cash and wait to buy risky assets at lower prices, is hunting for the “fruit left on the trees,” securities that are “off the run,” for yields of up to 7 percent and returns of as much as 10 percent for a “couple of years,”