New Money

Bill Miller's Legg Mason Opportunity Off to a Fast Start

By Katy Marquardt

Posted: January 12, 2009

According to Morningstar, Bill Miller's Legg Mason Opportunity fund is the second-best performing diversified stock fund so far in 2009, with a 12 percent gain (the No. 1 fund is Foresight Value.)

That's significant because the Opportunity fund was the worst-performing fund in that category in 2008, suffering a horrifying 65 percent loss. Miller's famous Legg Mason Value Trust was the No. 3 worst performer for the year, with a 60 percent loss [click here for background on the fund's fall from grace.]

Stocks in Opportunity's portfolio are off to a fast start this year, with big gains in holdings like Red Hat, Expedia, Eastman Kodak, and NII Holdings. Legg Mason Value's first week and a half hasn't been too shabby either, with a 3 percent gain.

Perhaps 2009 is Miller's comeback year.

Review

Nice template. Where can i download it?

DESSEGRIEVA of AL @ Feb 09, 2009 20:20:24 PM

This article is garbage

This is good news? A portfolio loses 65 % in value. (100,000 goes to 35,000). Now this investment mix is up 12% (35,000 x .12 = 39,200) I'm sure the shareholders are dancing in the isles.

eyeswideopen of OH @ Jan 29, 2009 15:32:21 PM

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New Money

Katy Marquardt, a senior editor at U.S.News & World Report, takes a contemporary look at happenings in the financial world and aims to help young investors get going with their portfolios--or just sound cool at cocktail parties. Have a question? E-mail Katy at newmoney@usnews.com

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