Bill Miller, the chairman and chief investment officer of Legg Mason Capital Management, is stepping down from the mutual fund's flagship fund, Bloomberg Television reported.
Miller will step down from Legg Mason Value Trust effective on April 30, 2012, according to the report.
Under Miller's management, the fund outperformed the S&P 500 for a record 15 years until 2005.
Legendary manager to give up oversight of flagship fund.
Value-investing legend Bill Miller is stepping down from the Legg Mason Value Trust mutual fund at the end of April 2012, according to a Bloomberg report.
Bill Miller, Legg Mason Capital Management’s former Chairman and Chief Investment Officer, announced last November that he would turn over full management of the Value Trust to... [[ This is a content summary only. Visit my website ...
Bill Miller, the manager of the Legg Mason Capital Management (LMVTX) mutual fund, announced Thursday that he is stepping down, per Bloomberg. Bill Miller is Stepping Down from... [[ This is a content summary only. Visit my website ...