Legendary value investor bill miller, an early investor in bitcoin in his his flagship miller opportunity trust was the number one us stock. William h miller iii is an american investor, fund manager, and philanthropist he served as the chairman and chief investment officer of legg mason capital management as well as the principal portfolio manager of the legg mason capital management value trust he also runs a. Miller opportunity trust a fund focused on maximizing long-term returns bill miller and samantha mclemore use a rigorous valuation-based. At miller value partners, we think and invest differently bill miller, cfa leads our team of value investors to pursue long-term results.
Peter demarzo 2013 a star has fallen: bill miller's legg mason value trust 17 0 200 400 600 800 1000 1200 90 91 92 93 94 95 96 97 98 99. I introduction bill miller and value trust william h (bill) miller iii leads his mutual fund, value trust, and beats the standard & poor's 500 index (s&p 500). Bill miller's opportunity trust is providing a 15 percent return so far this year, about three times the s&p 500.
Bill miller has not lost his touch however, far from it with his former legg mason capital management value trust from 1991 through 2005. Quotes from the legendary mutual fund manager bill miller on how to find stocks earned legg mason value trust the nickname the scariest. Bill miller, the legg mason manager whose value trust mutual fund beat the s&p 500 for 15 straight years, is leaving the baltimore money. Bill miller iii and bill miller iv the elder mr miller (william herbert miller iii) managed the legg mason value trust from 1982 – 2012 and still.
If i were to ask you which one performed better since 1986, would you tell me bill miller-managed legg mason value trust or the s&p 500. Bill miller's 30-year tenure as manager of the legg mason value trust is one of the most celebrated runs by a mutual fund manager in investing. Don't write off bill miller quite yet the aggressive manager of the legg mason value trust, whose remarkable run of success preceded a. Bill miller value trust case - download as word doc (doc / docx), pdf file (pdf ), text file (txt) or read online finance. In this second installment of my recurring series on famous wall street investors, i profile bill miller, the former manager of the legg mason.
Fund family, miller value funds fund manager & tenure, bill miller / 18 years minimal initial investment, $1,00000 minimum ira investment, $25000. After beating the s&p 500 every year from 1991-2005, legg mason's value trust fund is down 58% over the past year the collapse has more. As the financial crisis began to unfold, miller's $20 billion legg mason value trust fund stumbled due to overexposure to bank stocks and some.
Trust and miller income opportunity trust is now miller income fund lmm and its affiliated company, miller value partners, llc, will bill miller serves as chief investment officer and chairman for miller value partners. Once upon a time, bill miller reigned supreme as the undisputed king of mutual fund managers his flagship fund, legg mason value trust, famously beat the.
Under miller's guidance, the value trust fund's after-fee return beat the s&p 500 for 15 consecutive years from 1991 through 2005 for as. Bill miller is the chairman and chief investment officer of miller value partners, llc and is during his tenure as sole manager of the legg mason value trust, . From 1991 until end of february 2006 the legg mason capital management value trust fund returned 773% against an s&p 500 figure of. Bill miller of legg mason capital management, left, and jerry yang, streak while managing the giant legg mason value trust fund, he is also.