Free Republic

Jeff Gundlach is the latest in a long line of asset managers that are moving operations to Florida.Gundlach's DoubleLine Capital LP has moved its principal office, according to a report from Bloomberg this week. Formerly located in Glendale, California, the move tp Tampa comes after Gundlach has publicly complained about quality of life and taxes in California. Gundlach isn't moving to Tampa, however. Regulatory filings this past week noted that “Key decisions impacting the policies and strategy of DoubleLine Capital” and board meetings will now all be made in Florida.Taxes and quality of life in California have been gripes of...

Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, foresees a “global growth scare” between now and the end of the summer, triggered by a presidential nomination of Donald Trump. “That is where I see the vulnerabilities,” Gundlach said in a telephone interview on Monday. Trump’s protectionist policies could mean negative global growth, Gundlach warned. “As he gets the nomination, the markets and investors are going to worry about it more. You will see a downgrading of global growth based on geopolitical risks. You must factor this into your risk-management.”