[8] Barach was Gundlach's co-manager of the $12 Billion TCW Total Return bond fund.
Gundlach pointed out that even if defaults do not ultimately climb as high as critics like Meredith Whitney have warned, muni bonds will likely trade much lower.
[10] On March 10, 2011, Gundlach reportedly liquidated 55 percent of his personal holdings in municipal bonds.
[11] At the time, Gundlach also stated: "Nobody owns California general obligation bonds because they think it's an improving credit story," he said, drawing chuckles from the audience.
Several pieces of art were taken along with some wine, five designer watches, cash and a prized[17] 2010 red Porsche Carrera 4S.
The rewards—with the one for the Mondrian being termed a record for a single art work—were being said to have played a role in the recovery though no determination of payment had been made.
[19] In 2016, Gundlach donated $42.5 million to Albright–Knox Art Gallery in Buffalo, New York, as part of their capital campaign and expansion project.