As Gundlach Gains Assets, Is New Bond King Being Crowned?

When Pimco’s Bill Gross left the firm he founded last week, stunning both investors and even Pimco management with the news, did he also leave behind his claim to the title “bond king?”  Or was that mantle lost before Gross left the firm, as ValueWalk quipped on August 12? Gundlach shines as PIMCO suffers As Pimco engages in celebrated struggles with redemptions that followed a nearly yearlong battle inside the firm, losing an estimated $23 billion in funds in September, competitor Jeffrey Gundlach DoubleLine Funds has benefited. While not garnering all of the redemptions from Pimco, Doubline is nonetheless up…