Bill Miller, Famed Investor, Breaks Ties With Legg Mason
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Bill Miller, center, at the headquarters of Legg Mason in 1996. In the 1990s and the early part of the 2000s, Mr. Miller was considered the Joe DiMaggio of mutual fund investors. CreditMarty Katz for The New York Times
Bill Miller, the veteran stock picker whose market-beating wisdom defined an earlier era of mutual fund dominance, split ways on Thursday with Legg Mason, his professional home for 35 years.
He has been managing $2.1 billion of assets in funds through a management company called LMM, including the Legg Mason Opportunities Trust, Miller Income Opportunities Trust and other investments. Legg Mason, which is based in Baltimore, said Thursday that Mr. Miller had agreed to purchase the entirety of the firm’s interests in LMM, giving him full ownership of the entity…
Bill Miller, Famed Investor, Breaks Ties With Legg Mason
