Legg Mason Cap Mgmt Value C LMVTX
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Honey, I Shrunk the Rally
… that still haven't recouped their bear-market losses--including the Neutral-rated Legg Mason Capital Management Value LMVTX and CGM Focus CGMFX--last fall near the fifth anniversary of the market's October 2007 peak. Last month, I also revisited …
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Funds That Offer the Worst of Both Worlds
… market-cap spectrum depending on where he sees opportunities. (Miller stepped down from Legg Mason Capital Management Value Trust LMVTX last year but remains on board here.) At the end of 2012 the fund was overweight financials, tech, and consumer cyclical …
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Resist the DIY Mentality
… extremely costly mistakes. For many years, Miller was the legendary portfolio manager of Legg Mason Capital Management Value ( LMVTX ). (He stepped down from that last year, and now manages another Legg fund.) The Value fund justified its sky-high expense ratio …
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Beware of Stock Soothsayers
… his fund had over $21 billion in assets. He stepped down recently as manager of Legg Mason Capital Management Value Trust ( LMVTX ), which for 15 years through 2005 beat the market. He always knew what the “next best thing” would be, but went …
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At the Market’s Mercy: Why?
… good stocks when most of them are going down. If I chose a diversified stock fund like Legg Mason Capital Value Management ( LMVTX ), my five-year returns averaged minus 9.8%, for worse than the S&P 500’s showing. And in 2008, the Legg Mason …
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Best Practices for Owning Actively Managed Funds
… performance is on fire. Fund attracts scores of new investors. Fund struggles. Investors depart. Whether it's Legg Mason Value LMVTX , CGM Focus CGMFX, or Fairholme, investors have a way of glomming on to funds after they've enjoyed a strong runup, then …
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While Outflows Continue to Diminish at Legg Mason, the Turnaround Is Far From Complete
… Legg Mason's equity operations, with Legg Mason Capital Management (which houses Bill Miller's Legg Mason Value Trust LMVTX ) appearing to be hit the hardest during the quarter. While poor near-term investment performance from the affiliate (where …
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MSVFX Masters' Select Value Instl Fund Analysis, Report, Research, 5 Star Rating – Morningstar
… generally disclose the results of the individual subadvisors, it's clear that picks from Bill Miller of Legg Mason Value LMVTX in the housing and mortgage-lending industries led to dreadful results here in 2007 and 2008. (He was replaced in October …
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New Morningstar Analyst Report - Legg Mason
… manager Bill Miller, who underperformed the market dramatically in 2006, 2007, and 2008, after putting Legg Mason Value Trust LMVTX on the map with a 15-year streak of besting the S&P 500. Because the company's equity managers tend to be value driven …
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MSEFX Masters' Select Equity Fund Analysis, Report, Research, 5 Star Rating – Morningstar
… the October 2008 replacement of Bill Miller (who had dreadful performance from 2006-2008 at his own charge, Legg Mason Value LMVTX ) with Clyde McGregor of Oakmark Equity & Income OAKBX. This is still a fine core holding for the patient.