FYI: Jeffrey Gundlach sees too much of a good thing -- in financial markets and in his industry -- and he wants no part of it.
The co-founder and chief executive officer of DoubleLine Capital LP says risky assets such as junk bonds and emerging-market debt are overvalued. He’s reducing those positions in DoubleLine funds and investing more in higher-quality credits with less sensitivity to rising interest rates, mindful that doing so may mean he gives up some performance for a while.
Regards,
Ted
http://www.fa-mag.com/news/gundlach--wary-of-pricey-market--sets-cap-on-doubleline-s-growth-34050.html?print
