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Thursday, March 23, 2000 Litman/Gregory Funds Gets Heavy Hitter Litman/Gregory Fund Advisors, investment advisor to Masters' Select Funds, has announced that Bill Miller will replace Robert Sanborn as one of the six sub-advisors to the Masters' Select Equity Fund. Miller's allocation in the portfolio will be targeted at 20% of the fund, and he is expected to focus mostly on mid- and large-cap companies. Miller, is best known as the manager of Legg Mason Value Trust, the only equity fund to outperform the S&P 500 in each of the past nine years.
"While we believe Robert Sanborn's value style would have been rewarded in time, changes at Sanborn's firm, Harris Associates led us to consider a change at this time," said Ken Gregory, president of Litman/Gregory Fund Advisors. "We are ecstatic to have an investor of Bill Miller's caliber to add to our line-up of managers." Miller has been with Legg Mason since 1981. He has been the sole manager of Legg Mason Value Trust since November 1990 and co-managed the fund since April 1982. Printed from: MFWire.com/story.asp?s=25616 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |