Unstructured Finance

Gundlach doesn’t whine over his stolen wine

Jennifer Ablan

Sep 20, 2012 22:24 UTC

By Jennifer Ablan and Matthew Goldstein

Who said bonds are boring? In recent days, Jeffrey Gundlach, the new king of the fixed-income world, has been dominating headlines with his lengthy CNBC interview on everything from counterparty risk to the market’s love affair with Apple stock to talk in the blogosphere about Gundlach’s pricey Santa Monica, Calif. residence being burglarized of more than $10 million in assets.

Against this backdrop, Gundlach’s firm, DoubleLine, hit a huge milestone this week as well, hitting $45 billion in assets under management.

For those who watched Gundlach’s TV interview on Wednesday they would never have guessed that the 52-year-old lost several high-end paintings and a 2010 red Porsche Carrera 4S in the burglary at his home a week earlier. The stolen goods include paintings by such artists as California Impressionist Guy Rose and landscape artist Hanson Duvall Puthuff. Also stolen were five luxury watches, wine and cash.

Sgt. Henry Martinez told Reuters that a “high end burglary like this is very unusual” in that neighborhood. If you want a full list of the stolen goods, click here

The burglary occurred sometime between Sept. 12 and Sept. 14 while the widely-quoted money manager was traveling. It’s not clear whether his Santa Monica home had an alarm system and whether it had been activated.