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Gundlach Sees No Lost Decade as Biggest Bears Flirt With Stocks

Jeffrey Gundlach, the top-ranked bond manager who two years ago said stocks may have to fall further to be attractive, is now betting on a revival of the asset class.

The manager of the $32 billion DoubleLine Total Return Bond Fund said equities probably won’t repeat the poor performance they had from 2000 to 2010, when the Standard & Poor’s 500 Index, the benchmark for U.S. stocks, fell 14 percent. DoubleLine Capital LP, the $40 billion Los Angeles-based firm he founded in 2009 after being ousted from TCW Group Inc., may add stock funds to its lineup of bond offerings.