legg mason

Shareholders of the battered Legg Mason Value Trust mutual fund won't find many answers in manager Bill Miller's second quarter letter, which went out July 30.

Yahoo’s argument that billionaire investor Carl Icahn is a short-timer with no clear plan to run the company has won over a key investor.

Legg Mason. Legg Mason said Friday that it will vote for Yahoo’s slate of directors. Legg Mason owns 60.7 million shares, or 4.4 percent of the outstanding shares.

Yahoo's third largest investor offered up some advice Tuesday to the company's dissident shareholder Carl Icahn on what it may take to swing investor votes his way in a proxy fight, according to a Reuters report.

Legg Mason portfolio manager Bill Miller has this observation to offer to ...

Spot Runner, an Internet-based advertising network that puts local business pitches on TV and radio, expects to announce Wednesday that it has landed another $51 million from investors including U.K. media company Daily Mail and General Trust (DMGT), Spanish media group Grupo Televisa, institutional investor Legg Mason Capital Management, ...

Despite his poor performance in recent years, Legg Mason portfolio manager Bill Miller remains bullish on stocks.

Yahoo has yet to get a white knight to step forward and defend the search giant, but on Tuesday it scored a re-confirmation of an endorsement from Legg Mason, its second largest shareholder, according to a report in the Wall Street Journal.

Bill Miller, Legg Mason's portfolio manager, said ...

It's been a rough couple of years for Bill Miller. His $16.5 billion mutual fund, Legg Mason Value Trust, just turned in its worst two-year performance relative to the S&P 500 since 1990, trailing the index by ten percentage points in 2006 and by 12 last year.

That would be a poor stretch by any standard, but it's even worse by Miller's own: Until 2006 his value-oriented fund outperformed the index every calendar year for an astounding decade and a half (see "The Man Who's Beaten the Market 15 Years Running," Nov. 27, 2006).

Legg Mason Capital Management weighs in on Redmond's quest to acquire Yahoo. Its assessment: Yahoo will be in a "tough spot" if it continues fighting for independence.

Noted fund manager Bill Miller says he's not sure whether his parent firm, Legg Mason Capital Management, will vote in favor of Bank of America's proposed $4.1 billion buyout of mortgage lender Countrywide.