The UK is not going to vote to leave the European Union, according to Jeffrey Gundlach, the influential bond investor.
The founder of DoubleLine Capital, which manages more than $84bn of assets, added that any investors who are hedging themselves against such an outcome of theBrexit referendum are wasting their money.
In a freewheeling interview at the Los Angeles headquarters of his firm, Mr Gundlach expounded on the UK and US political landscapes and on topics ranging fromnegative interest rates to collecting art.
"It's not going to happen," Mr Gundlach says, definitively. "People like to complain, they like to say what's wrong but then when it comes down to actually pulling the lever they sit there and they say, 'what exactly am I doing here, what is going to happen?' The devil you know is better than the devil you don't know. Look at what happened with Scotland. People aren't going to pull a lever for Brexit, so I don't even think that's worth considering in the present time."