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Gundlach, wary of pricey market, sets cap on DoubleLine's growth

Wednesday, August 9, 2017 - 05:50

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"I've actually been turning money away in our institutional business. I don't want to manage US$500 billion. I don't really want to manage US$200 billion." - Jeffrey Gundlach (above), co-founder and chief executive officer of DoubleLine Capital LP.

New York

JEFFREY Gundlach sees too much of a good thing - in financial markets and in his industry - and he wants no part of it.

The co-founder and chief executive officer of DoubleLine Capital LP says risky assets such as junk bonds and emerging-market debt are overvalued. He's

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