FYI: Jeffrey Gundlach’s DoubleLine Capital has seen a spate of departures in the past year, including two of its founding partners, according to people familiar with the matter.
Among those to have left the firm are partners Lou Lucido and Joe Galligan, as well as several staffers from DoubleLine’s corporate credit group, these people said.
Until recently, DoubleLine’s roster of staff has been remarkably stable. The firm was founded in 2009 when Gundlach split from Trust Co. of the West, taking 45 colleagues with him. The former TCW staffers bet that following Gundlach to his new firm would pay off in the long run. Many of them worked months with no pay to start the new company even as it weathered a nasty legal fight with TCW.
Regards,
Ted
https://www.barrons.com/articles/jeffrey-gundlachs-doubleline-sees-spate-of-departures-51563793203?refsec=funds
