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Bill Miller
By admin - Posted on September 25th, 2008
Tagged: Legg Mason Inc.'s star stock picker Bill Miller said that he is making adjustments in managing his well-known Value Trust mutual fund in light of its weak performance and millions in lost assets. Miller said he would spread out his concentrated portfolio to include broader allocations across sectors. He may buy mega-cap stocks that are trading at depressed prices, that generate cash and are at the top of their industries.
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Legg Mason Inc.'s star stock picker Bill Miller said that he is making adjustments in managing his well-known Value Trust mutual fund in light of its weak performance and millions in lost assets. Miller said he would spread out his concentrated portfolio to include broader allocations across sectors. He may buy mega-cap stocks that are trading at depressed prices, that generate cash and are at the top of their industries.
- 1 comment
By admin - Posted on September 9th, 2008
Tagged: Legg Mason money manager Bill Miller built his reputation on making contrarian picks, betting on downtrodden stocks to make a comeback. His Value Trust mutual fund beat the S&P 500 Index for 15 straight years before the streak ended in 2006.
Legg Mason money manager Bill Miller built his reputation on making contrarian picks, betting on downtrodden stocks to make a comeback. His Value Trust mutual fund beat the S&P 500 Index for 15 straight years before the streak ended in 2006.
By admin - Posted on August 22nd, 2008
Tagged: Bill Miller, Martin Whitman and David Dreman, mired in the worst slumps of their careers, are poised once again to trounce the stock market.
Bill Miller, Martin Whitman and David Dreman, mired in the worst slumps of their careers, are poised once again to trounce the stock market.
By admin - Posted on July 31st, 2008
Tagged: Faced with two and a half years of subpar investment returns, famed Legg Mason Value Trust money manager Bill Miller recently turned to a support group.
Faced with two and a half years of subpar investment returns, famed Legg Mason Value Trust money manager Bill Miller recently turned to a support group.
By admin - Posted on July 24th, 2008
Tagged: The plunging returns of the funds run by Bill Miller are undermining his long-term legacy, Reuters writes, and contributing to the recent slump in shares of Legg Mason, where he once was the star attraction.
Investors are leaving his funds and one large state pension fund says it is reconsidering its investments with Mr. Miller.
The plunging returns of the funds run by Bill Miller are undermining his long-term legacy, Reuters writes, and contributing to the recent slump in shares of Legg Mason, where he once was the star attraction.
Investors are leaving his funds and one large state pension fund says it is reconsidering its investments with Mr. Miller.
By admin - Posted on July 22nd, 2008
Tagged: It’s obvious: People have lost their faith in Legg Mason Value Trust (LMVTX) manager Bill Miller. Not long ago, he was a Wall Street idol. He outperformed the S&P 500 Index for 15 consecutive years by investing in big tech names. Mutual fund investors wanted to invest with him, and money managers wanted to be him. Now, his streak of outperforming the S&P 500 Index is gone and largely undone -- he’s now losing to the market over a trailing 10-year period.
And no one’s letting him off lightly.
It’s obvious: People have lost their faith in Legg Mason Value Trust (LMVTX) manager Bill Miller. Not long ago, he was a Wall Street idol. He outperformed the S&P 500 Index for 15 consecutive years by investing in big tech names. Mutual fund investors wanted to invest with him, and money managers wanted to be him. Now, his streak of outperforming the S&P 500 Index is gone and largely undone -- he’s now losing to the market over a trailing 10-year period.
And no one’s letting him off lightly.
By admin - Posted on July 17th, 2008
Tagged: Talk about a fall from grace. Legg Mason Value (LMVTX), managed by the once-revered Bill Miller, has performed so poorly the past 2.5 years that Morningstar now gives the fund 1 star. This year, the fund has lost an atrocious 35% of its value.
Talk about a fall from grace. Legg Mason Value (LMVTX), managed by the once-revered Bill Miller, has performed so poorly the past 2.5 years that Morningstar now gives the fund 1 star. This year, the fund has lost an atrocious 35% of its value.
By admin - Posted on July 17th, 2008
Tagged: Jonathan Heller of Cheap Stocks blog writes a letter to Bill Miller, Manager of Legg Mason Value Trust.
Jonathan Heller of Cheap Stocks blog writes a letter to Bill Miller, Manager of Legg Mason Value Trust.
By admin - Posted on July 8th, 2008
Tagged: Talk about a fall from grace. Legg Mason Value, managed by the once-revered Bill Miller, has performed so poorly the past two and a half years that Morningstar now gives the fund one star, our lowest rating. But should it really come as a surprise that Miller, who was once the talk of the investing world because he beat the stock market 15 consecutive calendar years, has hit a rough patch? No. The streak merely masked Miller's bold approach to stock picking, a strategy that was sure to run out of steam at some point.
Talk about a fall from grace. Legg Mason Value, managed by the once-revered Bill Miller, has performed so poorly the past two and a half years that Morningstar now gives the fund one star, our lowest rating. But should it really come as a surprise that Miller, who was once the talk of the investing world because he beat the stock market 15 consecutive calendar years, has hit a rough patch? No. The streak merely masked Miller's bold approach to stock picking, a strategy that was sure to run out of steam at some point.
By admin - Posted on July 8th, 2008
Tagged: Bill Miller talks about Citibroup (C), Feddie Mac (FRE), Bear Sterns (BSC), Fannie Mae(FNM), Countrywide (CFC).
Bill Miller talks about Citibroup (C), Feddie Mac (FRE), Bear Sterns (BSC), Fannie Mae(FNM), Countrywide (CFC).
