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Legg Mason
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Latest Headlines
Bank stocks still vex the value investing faithful
Over the past few years, few sectors have vexed value investors quite the way the banking sector has.
The old thesis that you should buy the dips of established companies because they will inevitably bounce back has been the downfall of many investors. The best example remains Bill Miller of L
Bill Miller to step down, cede control of flagship fund
The term "legendary" is often used to describe Bill Miller, the esteemed value investor who gained fame for beating the S&P 500 index 15 years in a row at the height of his success.
That streak ended in 2005 as the ensuing financial crisis was not kind to him. You have to give him some cre
Was transparency lacking in S&P downgrade decision
Standard & Poor's decision to lower the credit rating of U.S. Treasuries to AA+ from AAA continues to generate criticism. One theme has been a general lack of transparency, a charge that looms larger in light of the $2 trillion methodological error that the agency owned up to right before it a
Bill Miller lags index again in 2011
Bill Miller's record since 2006--the end of his phenomenal 15-year run of beating the S&P 500--has been somewhat spotty. He's had good years (2009), bad years (2008), and some mediocre years. This year, unfortunately, he's staring at another bad year.
So far in 2011, the Legg Mason Capital
The hits keep coming for Bill Miller
Bill Miller's fame was built on his stunning success over a 15-year period, during which he beat the S&P 500 every year. That streak ended in 2005, and since then he's had a spotty record. These days, people are much less likely to affix the adjective "legendary" to his name.
Investment
Is Bill Miller right this time?
Value investors are nothing if not predictable. The approach, unfortunately, has been disastrous this year. This was exemplified most dramatically by Bill Miller, who beat the S&P 500 for 15 years straight until he was undone by the credit crunch. He just kept on loading up on financial stocks
Bank stocks: Is the mania ending?
Prince Alwaleed bin Talal is not deterred by Citi's nearly 90 percent stock slide. He plans to boost his stake to 5 percent from less than 4 percent, calling the bank's shares "dramatically undervalued." Of course that value approach has been exceedingly cruel to fund managers who were likewise co
Hits keep coming for Legg Mason
The credit crunch has been cruel to more than a few money managers. Bill Miller, the head of the Legg Mason Value Trust fund, is at the top of the list. He never gave up on financial stocks, even as they continued to crater. The old value mantras just plain let him down. He kept loading up on agen
Legg Mason
Quietly, this big asset manager has become a casualty of the credit crunch. The move to bailout one of its money market funds was among the final straws. Now it is reported to be considering a transaction to go private. Kohlberg Kravis Roberts is rumored to be interested. Article
(Kohlber
Bill Gross wins big on Fannie, Freddie
The credit crunch has been cruel to some fund managers, notably Bill Miller of Legg Mason, who kept on buying as financial stocks kept on tanking. On the other hand, Bill Gross of on-fire Pimco, went long on Freddie and Fannie bonds, switching out of Treasuries and corporates. With the bailout by
