Doubleline's Other Jeffrey Shines As Gundlach Bond Fund Shrinks

by fa-mag.com posted 3years ago 109 views
It’s not easy to outdo your boss, particularly when your boss is Jeffrey Gundlach, the bond savant of DoubleLine Capital LP. Jeffrey Sherman, Gundlach’s No. 2, is the front man for DoubleLine’s biggest equity fund, its top asset gatherer of late. Sherman vetted the fund strategy and co-manages the portfolio with Gundlach, not only beating the S&P 500 since late 2013, but doing it without directly owning stocks. Instead, it’s invested in a mix of bonds and derivatives targeting undervalued industries in the index.

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