After an abrupt 2009 departure from TCW Group, Gundlach's DoubleLine has surpassed $50 billion in AUM and runs the "most popular fund in America."
Let failures occur, Rodriguez and Gundlach say. Only then can a fundamentally transformed economy prosper.
Announcement comes 10 days after dismissal from TCW.
Former TCW manager says more information could come in a few days.
Interest-rate fear is a good thing for the recently reopened RiverNorth/DoubleLine Strategic Income fund, says portfolio manager Patrick Galley, who discusses his comanagement with DoubleLine's Jeffrey Gundlach .
Janus, DoubleLine, and Goldman Sachs are among the latest to try their hand at strategies that aim to defy rising interest rates.
These intermediate-term offerings have consistently outperformed the Barclays Index, in some cases by taking a different approach.
Morgan Stanley to close a Silver-rated global stock fund to new investors and T. Rowe Price bans some 1,300 employees of American Airlines from trading T. Rowe funds in the airline's employee-sponsored retirement plan.
Readers cite industry heavyweights as influential, as well as people closer to home.
T. Rowe Price to close New Horizons to most new investors, Vanguard's fixed-income group head to retire in March, Columbia Wanger's Chuck McQuaid to step down as CIO and Columbia Acorn comanager, and some tragic news at First Eagle.