- Miller Beats Miller as Legg Mason Opportunity Trounces Flagship
- Appaloosa’s Short Sales on Wells Fargo Face SEC Probe Read the rest of this entry »
Tags: Appaloosa, Bill Miller, David Tepper, Hedge funds, Legg Mason, SEC, Short selling
Legg Mason’s Bill Miller is having a pretty good year so far; Appaloosa short sales getting probed by SEC,
On March - 26 - 2010
CNBC interview: Legg Mason’s Bill Miller is back in the game
On January - 12 - 2010
Tags: Bill Miller, CNBC, Legg Mason, Videos
Barron’s says Bill Miller is back; Controversial Clinton pardonee, Marc Rich, is never coming back to the U.S.; Whitney Tilson’s victory lap tour; New fund for ex-Goldman, ex-Deephaven Bhatia
On October - 12 - 2009
Wrong in a big way during the meltdown, Bill Miller is bullish; Fortress on the hunt for acquisitions; Activists looking to smaller prey; Long Island hedge fund manager fraud probe
On July - 24 - 2009
- Blindsided by Bear, Mr. Miller Sees Bull
- Fortress plans buying spree
- Activist investors eye smaller prey
- Hedge-Fund Manager Investigated for Fraud Read the rest of this entry »
Tags: Activists, Bill Miller, criminal investigations, Fortress, frauds, Hedge funds
- Big Pay Packages Return to Wall Street
- SEC investigator raised Madoff suspicions in 2004 to no avail
- SEC’s Gaping Blind Spots Kept Madoff’s Misdeeds Out of Sight
- SEC Plan Aims to Better Foretell Risks
- Treasury to Name 9 ‘Toxic’ Managers
- Merrill exec sounds bullish on future of BofA merger
- Risk Cuts at Morgan May Lead to a Loss Read the rest of this entry »
Tags: Allen Stanford, Autos, Bank of America, Bankruptcy, Bernie Madoff, Bill Miller, Bonuses, CDS, Compensation, GM, Merrill Lynch, Morgan Stanley, PPIP, SEC
WSJ big losers profile – Legg Mason’s Bill Miller: “The thing I didn’t do, from Day One, was properly assess the severity of this liquidity crisis”
On December - 10 - 2008
The Wall Street Journal is profiling some of the biggest losing money managers. Todays second in the series focus is Legg Mason's Bill Miller, who after 15 years of seemingly being able to do no wrong, these days can't seem to do anything right.
Tags: Bill Miller, Credit Crunch
Huge Massachusetts pension fund kicks Legg Mason’s Bill Miller and 4 other fund managers to the curb for poor performance
On August - 6 - 2008
Ouch, that’s gotta sting: Bill Miller’s poor recent investment record has caught up with him. Massachusetts $50.6 billion pension fund fired the legendary Legg Mason manager and managers from four other funds that had responsibility for portfolios of stock totaling $1.8 billion. The reason: poor performance. The other firms that were given the boot include Ariel Investments, NWQ, Mazama Capatal Management and Gardner Lewis. The winner in this deal was State Street Global Advisors, which is now managing around $1.4 billion of the $1.8 billion portfolio.
Massachusetts pension fund fires Legg, 4 others – Reuters
Tags: Bill Miller, Mutual Funds
Uncategorized
Legg Mason won’t be supporting Icahn’s Yahoo slate; They’re backing the status quo that they believe has “acted with care and diligence” in reviewing Microsoft’s offers
On July - 18 - 2008
The melodrama continues: According to Reuters, Carl Icahn won’t have the backing of Legg Mason’s 60.7 million Yahoo shares (4.4% of the stock) in his quest to unseat Yahoo directors. Bill Miller is supporting the incumbants.
"We believe the current board acted
with care and diligence when evaluating Microsoft’s offers," Legg Mason
said in a statement. "We believe the board is independent and focused on
value creation for long-term shareholders."
Legg Mason to back Yahoo board slate – Reuters
Tags: Activist Investing, Bill Miller, Carl Icahn, Microsoft
More pearls of wisdom from the Ira Sohn conference
On May - 23 - 2008
On Wednesday the annual Ira Sohn conference was held, attended by Wall Street’s elite. Top hedge fund managers talked their books, offering up their favorite (and in some cases, not so favorite) stocks. Greenlight Capital’s David Einhorn offered up his favorite short idea, Lehman Brothers, and that trade is the focus of this morning’s Heard on the Street column that we mentioned earlier. Carl Icahn also spoke, dissing Barack Obama. Here are some of the other ideas that came out of the conference, as detailed by Reuters:
*Bill Ackman, Pershing Square Capital:
Wendy’s International, which has agreed to be bought by Nelson Peltz’s Triarc
Cos, the Arby’s restaurants owner. "We own all we can, a share less than
the poison pill," said Ackman.*Michael Price, MFP Investors: buy Allied
Irish Banks but don’t buy recent rights offerings by Citigroup or UBS. "Citi’s
perpetual preferreds have nowhere to go but down." Price also likes
Vornado Realty Trust, McGraw-Hill Cos and GenCorp Inc
*Bill Miller, Legg Mason Capital
Capital Management: buy AES Corp, Freddie Mac and Health Net, which he hopes
will merge with Aetna, which the fund also holds.
*Richard Pzena, Pzena Investment
Management: buy Citigroup Inc . "This is classic value. There is lots
of stress. When we come out of this, the upside is huge."
FACTBOX: Stock picks from Sohn Investment conference – Reuters
Tags: Bill Ackman, Bill Miller, Hedge funds, Michael Price
