“His teams at TCW and at DoubleLine have been remarkably loyal as well,” Howard said in an email before the ceremony.
‘Peak Anti-Trump’
Gundlach is also known for his record of bold predictions -- such as his comments, long before the election, that Donald Trump would become president.
“Peak anti-Trump has passed,” Gundlach said Thursday. “He’s doing fine. I think the grieving process for the Hillary people is finally starting to progress.”
Gundlach was inducted into the FIASI Hall of Fame alongside Dana Emery, the CEO of fixed-income at Dodge & Cox. Past inductees such as Joyce Chang, Ed Altman and Andy Kalotay were on hand. The Society presents events to educate members.
Charitable Efforts
Both honorees discussed their charitable activities. Emery, 55, in an interview talked about her involvement with Summer Search, which organizes enrichment programs like Outward Bound trips for students who wouldn’t otherwise be able to afford them.
Gundlach is supporting a renovation and expansion of the Albright-Knox Art Gallery in Buffalo. A native of the Buffalo area, Gundlach pledged in June 2016 to give $42.5 million -- the largest cash donation to a cultural organization in Western New York history -- if the museum raised $50 million by Labor Day. The institution raised $60 million by the deadline and renamed itself the Buffalo Albright-Knox-Gundlach Art Museum. Construction is set to begin in 2019 for completion in 2021.
Gundlach’s investing comments also touched on skepticism of Amazon.com Inc., which last week agreed to a $13.7 billion acquisition of organic grocer Whole Foods Market Inc. “Amazon will never be able to execute on its business plan,” he said. “You can’t have one retailer.”
On cryptocurrency bitcoin, Gundlach sees a coin flip: “It’s either going to zero or a million.”