Bill Miller is one of the most closely watched money managers in the industry, so it was big news when he announced his decision to step down as portfolio manager of Legg Mason Capital Management Value Trust (LMVTX) in 2012. His departure also adds an intriguing chapter to the long running debate regarding the value of active stock selection.
Tess Downing is a Financial Advisor at FJY. In this role she meets with clients and serves as the Chair of the Financial Planning Committee. Tess is involved in several philanthropic groups in Fairfax County. View all Posts by Tess
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What does a winning streak tell us?
Bill Miller is one of the most closely watched money managers in the industry, so it was big news when he announced his decision to step down as portfolio manager of Legg Mason Capital Management Value Trust (LMVTX) in 2012. His departure also adds an intriguing chapter to the long running debate regarding the value of active stock selection.
Read the full article here.
Tags: active management, investment, Legg Mason, money manager |