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September 12, 2023 at 04:12 PM
Bill Gross, the Pacific Investment Management Co. co-founder and former chief investment officer known as the “bond king,” suggested this week that DoubleLine founder and CEO Jeffrey Gundlach doesn’t deserve to inherit that royal nickname.
“To be a bond king or queen, you need a kingdom,” Gross said on Bloomberg’s Odd Lots podcast Monday. “PIMCO had $2 trillion, OK? DoubleLine’s got like $55 billion. Come on, that’s no kingdom. That’s like Latvia or Estonia.”
Gross made the comments Monday at a California conference that Gundlach also is attending, Bloomberg reported, noting that the DoubleLine leader, who also serves as chief investment officer, was scheduled to speak at the event Tuesday.
Odd Lots co-host Joe Weisenthal posted on X Tuesday afternoon that Gundlach, in an interview at the conference with CNBC TV host Scott Wapner, said of Gross: “I hope he retires and feels better about himself.”
