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Invoice Gross, the Pacific Funding Administration Co. co-founder and former chief funding officer often called the “bond king,” advised this week that DoubleLine founder and CEO Jeffrey Gundlach doesn’t should inherit that royal nickname.
“To be a bond king or queen, you want a kingdom,” Gross stated on Bloomberg’s Odd Tons podcast Monday. “PIMCO had $2 trillion, OK? DoubleLine’s acquired like $55 billion. Come on, that’s no kingdom. That’s like Latvia or Estonia.”
Gross made the feedback Monday at a California convention that Gundlach is also attending, Bloomberg reported, noting that the DoubleLine chief, who additionally serves as chief funding officer, was scheduled to talk on the occasion Tuesday.
Odd Tons co-host Joe Weisenthal posted on X Tuesday afternoon that Gundlach, in an interview on the convention with CNBC TV host Scott Wapner, stated of Gross: “I hope he retires and feels higher about himself.”
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