Jeffrey Gundlach of DoubleLine Comments on Asset Allocation (10/3/11)

As reported by Joshua Brown on StockTwits and on Art Market Monitor, bond manager Jeffrey Gundlach commented on asset allocation for UHNWI at a luncheon at the New York Yacht Club.

On Asset Allocation for the Ultra High Net Worth:  Jeffrey says his own assets are now 2/3rd’s outside of the “financial system” other than his ownership stake in DoubleLine.  This means fine art, gold, gemstones, rental property etc.  He says the ultra wealthy should have 50% of their assets outside of the financial system.

Click here for a full summary of the event.