In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. He has even been dubbed the "Bond King" by the media - a title Gross has held for many years. Now, Gundlach has replaced Gross on a high-profile investor panel.
Weekly financial magazine Barron's said on Saturday that Gross decided to quit its Barron's Roundtable. Instead, Gundlach, who has often been critical of Gross's investment calls, was added to the panel - which meets at the beginning and middle of each year - and he features prominently in the magazine's Roundtable latest cover story published on Saturday.
Barron's Deputy Managing Editor Lauren Rublin told Reuters: "We invited both Bill and Jeffrey to the Roundtable. Bill decided to resign. We missed him."
She declined to comment when asked why Gross had quit and whether Gross would have been aware that Gundlach had been invited.
In its Roundtable cover story, Barron's did not address Gross's absence. It just mentioned him in reference to how his and other 2015 Roundtable members' investment recommendations performed.