UPDATE: How do you know if your fund manager has 'lost it'?
Bill Miller , the Legg Mason fund manager who beat the S&P 500 for 15 years straight before seeing his fund massacred by the financial crisis, is proving you can't keep a good manager down, says Wall Street Journal.
After a big bounce in 2009, Bill Miller's Capital Management Value Trust is behind again.
Longtime manager will remain as Legg Mason Capital Management's chairman.
The second quarter saw the market decisively break from the devastating collapse that began following the failure of Lehman Brothers last September and which appears to have ended on March 6th at an intraday low of 666 on the S&P 500¹. The S&P rose 15.93% in the quarter, and ended the first half up ...
AMG buys stake in Yacktman and more.
Also, Bill Miller draws up plans for a go-anywhere income fund, Ken Feinberg to retire from Davis Funds at the end of the year, Perritt Capital plans a new fund, and a goodbye to Abe Briloff.
Trailing returns can be misleading, so here's how to avoid getting burned.