High-profile bond manager Jeffrey Gundlach of DoubleLine Capital has scooped up mortgage-backed securities in recent days as many other investors rushed for the exists, The Wall Street Journal writes.

Gundlach, the founder of investment firm DoubleLine Capital and co-manager of the $39.4 billion DoubleLine Total Return Bond Fund, told The Wall Street Journal Tuesday that the recent big selloff, which sent bond yields much higher, represents a buying opportunity.