DoubleLine's Gundlach Attacks Break for Hedge Funds in Tax Plan
- Gundlach ‘appalled’ by continuation of carried interest break
- Tax bill will help small fraction of population, he says
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Jeffrey Gundlach, chief investment officer of DoubleLine Capital, said the congressional tax plan would expand the federal deficit and help a small fraction of the U.S. population, including hedge fund managers.
“I’m very disappointed incidentally about the shape of this tax cut that is being proposed,” Gundlach told a gathering of industry participants at the Drake Hotel in Chicago on Wednesday. “I am just appalled that we are going to continue to have a carried-interest scheme for hedge funds.”