Bill Miller Goes it Alone
The guy that beat the S&P 500 for 15 years running a few years ago is splitting with LMM. He must have made a bunch of $ when he was on top.
Famed investor Bill Miller leaves Legg Mason after 35 years | Financial Planning
Bill Miller is severing ties with Legg Mason after more than three decades.
The stock picker, famed for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, will buy Legg Mason's stake in LMM, an investment adviser that he and the company jointly own, according to a statement released today. LMM oversees $1.8 billion in assets, including the $1.3 billion Legg Mason Opportunity Trust, the Miller Income Opportunity Trust and related strategies.
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.