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Rekenthaler Report

Southern California Bond Managers: Big Smoke, Small Fire

Much personal drama, not much investment disparity.

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Making the Headlines
They don't operate quietly in the City of Angels. Back in the day, Mike Milken rivalled Fidelity Magellan's Peter Lynch as the most famous investment personality of the late 1980s. (Although, to be sure, not the most popular.)

Twenty years later, Jeffrey Gundlach and his former employer TCW became embroiled in one of the loudest, most-acrimonious portfolio manager breakups in fund-industry history--only to be matched, and perhaps exceeded, by Bill Gross' resignation from PIMCO five years later.

John Rekenthaler has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.