Gundlach’s $150 Billion Decade May Be His Industry’s Last Hurrah
- Fame, performance and demand for bond funds have powered flows
- Barriers to entering the ‘big leagues’ are high, the CEO says
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It was one of the ugliest breakups the money-management business had ever seen -- a tabloid tale of ego and betrayal.
But a decade after the star investor known to his staff as “the Godfather” stunned Wall Street with his bitter split from TCW Group and creation of a rival firm, the verdict is in: