TCW terminates CIO Gundlach, buys bond shop MetWest

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US - California-based investment manager TCW announced Friday it fired chief investment officer Jeffrey Gundlach and has acquired bond manager Metropolitan West Asset Management (MetWest).

Gundlach, who had been with TCW for 24 years, managed about two-thirds of the firm's US$110bn in assets under management. The firm said in a release: "Jeffrey Gundlach has been relieved of his d...

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