Gundlach’s DoubleLine Trust Faces New Lawsuit by TCW
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A trust created by DoubleLine Capital LP’s Jeffrey Gundlach was sued by TCW Group Inc., which already sued its former investment chief after he brought more than half of its fixed-income professionals to his new firm.
DoubleLine Funds Trust was started to market DoubleLine Capital’s mutual funds and to “generate fees and profit for Gundlach and the money management firm he had formed,” TCW said in a new complaint filed yesterday in state court in Los Angeles. TCW provided a copy of the complaint to Bloomberg News.