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Why this prominent fund’s struggles don’t doom the category.
The stockpicker reached a deal to buy out Legg Mason's stake in the entity housing his funds, which he'll continue to run.
We've raised Legg's Parent rating to Positive from Neutral following improvements to its affiliate portfolio, but challenges do remain.
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.
As the Legg Mason stock picker builds on a three-year rebound following his disastrous recession-era record, the pain of that historic crash can still be heard in his voice and the questions from his biggest critics remain.
Legg Mason fund was among the worst performers in past year
After a big bounce in 2009, Bill Miller's Capital Management Value Trust is behind again.
Costs, time periods, and taxes.