DoubleLine's Gundlach sees Bremain, not Brexit, as likely outcome

By Jennifer Ablan
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Friday he thinks Britain will “Bremain” in the European Union and if investors agree they should buy beaten-down European equities.
“I’ve never believed in an exit, or ‘Brexit,'” said Gundlach, known on Wall Street as the “Bond King” who manages $100 billion (£69.66 billion) at Los Angeles-based DoubleLine Capital. Britain wil