Ex-TCW Manager Gundlach Fires Back

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Star bond fund manager Jeffrey Gundlach on Monday fired back at his former employer, Trust Company of the West, saying the firm had smeared him in a lawsuit it filed last week.

TCW’s lawsuit will be “handled as a business dispute in the ordinary course” and will not distract Gundlach from expanding his new firm, DoubleLine Capital LP, Gundlach said in a letter to clients that was obtained by Reuters.

“While I am resolved not to let TCW distract me or my team, TCW has disseminated certain smears and innuendoes that I am unwilling to let pass,” Gundlach wrote in the letter.

In the letter, Gundlach did not deny TCW’s allegations that marijuana and pornography were found in his former offices. Instead, he accused TCW of invading his privacy and revealing “vestiges of closed chapters of my life.”

• Read the full Reuters story.

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