Veteran fund manager Bill Miller leaves Legg Mason after 35 years

August 11, 2016 1:47 PM

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Veteran fund manager Bill Miller leaves Legg Mason after 35 years

NEW YORK Legg Mason (LM.N) fund manager Bill Miller will leave the firm after 35 years, the Baltimore-based investment company said on Thursday.

Miller won high regard for picking "value" stocks and making big bets on them with the Legg Mason Value Trust Fund, now the ClearBridge Value Trust Fund. In its heyday, that fund beat the S&P 500 for 15 straight years from 1991 to 2005.

Also read: Hudson Executive Capital Co-Founder has left the firm: sources

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