The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Bill Miller Is a Top Dog Again Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, July 08, 2013

Bill Miller Is a Top Dog Again

News summary by MFWire's editors

Bill Miller has had a volatile year. He left his post as CIO and lead PM at Legg Mason[profile] Capital Management in November of last year, though he remained at the firm managing the Legg Mason Opportunity Fund, a fund he started in 1999. The fund manager has made a triumphant. return, however. For the third straight quarter, the fund he co-manages with Samantha McLemore, finished first in the WSJ's ranking of diversified U.S. stock mutual funds, the WSJ's Suzanne McGree wrote.

Miller has employed the strategy of buying shares with discounted prices that resulted from doubts about the business' future. Their performance should bounce back, and when it does, the fund should reap the rewards. The fund's third largest holding is Groupon, which suffered last fall and has nearly tripled its share price. Miller is also making a stealth play on housing stocks by including Las Vegas gaming companies:
"On any significant pullback, these are attractive stocks," he says. "There is no new capacity coming into Las Vegas, and the stocks tend to be correlated with the housing market, so this is a stealth play on housing."
To read more, click here.  

Edited by: Casey Quinlan

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use