Fired Financier Jeffrey Gundlach Gets Revenge In High Style

Jeffrey Gundlach, fired financier
Jeffrey Gundlach, fired financier



On Dec. 4, 2009, the money management firm TCW fired Jeffrey Gundlach and physically removed him from its Los Angeles office. Exactly three years later, the Wall Street savant returned to the skyscraper to inflict the most glorious revenge, reports DealBreaker: a self-celebration of his enormously successful mutual fund, staffed by dozens of poached TCW employees.

The ousting of Gundlach was a sensational scandal, even by Wall Street standards. Gundlach, the "bond king," had just been named a finalist for Morningstar's award for bond fund manager of the decade when TCW gave him the boot after almost a quarter century of service.