Jeffrey Gundlach is locked in a protracted stare-down with an unlikely foe: Morningstar Inc.
Gundlach, who formed his investing firm DoubleLine Capital LP in 2009 and built it into one of the most successful fixed-income fund companies, is sparring with the research firm over what DoubleLine says have been a series of false and misleading statements about its flagship fund, according to people familiar with the matter.
Morningstar analysts, who are keenly followed by investors, are scheduled to release a review of the DoubleLine Total Return Bond fund this week. But their fact-checking calls and emails are going unanswered by Gundlach and his team, these people said.
The recent silent treatment from DoubleLine is the culmination of years of perceived slights and missteps. In 2011, Morningstar analyst Eric Jacobson gave the DoubleLine Total Return fund a “neutral” grade for its first-ever review, despite strong performance.
An expanded version of this report appears on WSJ.com
View more information: https://www.marketwatch.com/story/bond-king-jeff-gundlach-feuds-with-unlikely-foe-2015-07-14