NEW YORK (TheStreet) -- Jeffrey Gundlach's performance has been sizzling. During the past year his DoubleLine Total Return Bond (DBLTX) has returned 10.5%, outdoing the Barclays Capital Aggregate U.S. Bond Index by five percentage points and ranking as the top intermediate-term fund, according to Morningstar.Before launching DoubleLine in 2010, Gundlach delivered top results as portfolio manager of TCW Total Return Bond ( TGLMX). But investors could have done even better by investing in Gundlach's hedge fund, says Jeremy DeGroot, chief investment officer of Litman Gregory Asset Management. In the hedge fund, Gundlach outperformed by betting aggressively on lower quality securities.
|Jeffrey Gundlach, DoubleLine Capital|