Hedge Funds Politics & Regulation

Gundlach, Einhorn pick stocks over treasuries


Manager views and picks from the Bloomberg Markets 50 Summit.

   Don Brownstein at the Bloomberg Markets 50 Summit Thursday (Photo: Bloomberg)
Hedge fund managers represented at the Bloomberg Markets 50 Summit in New York City Thursday recommended investing in stocks over treasuries, saying fixed income is an "accident waiting to happen,” as Jean-Marie Eveillard, Senior Adviser of $1.3 billion First Eagle Investment Management put it.

Steven Einhorn, vice chairman of $6.1 billion Omega Advisors, and Jeffrey Gundlach, chief executive of $30 billion DoubleLine Capital, echoed that preference. Long/short equity fund Omega Overseas Partners is up 22% for the year through