Famed value investor Bill Miller is setting up his own entity within Legg Mason, while the rest of the US equity business is combined with affiliate ClearBridge Advisors.
Tag : us equities
Lombard Street Research’s Charles Dumas says the global economy will fall into recession and China won’t be able to help. US equities are best poised to lead investors to recovery.
Large-cap US stocks offer the best value, despite the US being put on negative outlook by rating agency Standard & Poor's for the first time, says the CEO of Perkins Investment Management.
In the US equity market, Scott Glasser of ClearBridge Advisors recommends increasing exposure to pharmaceuticals and cutting allocations to the energy sector, among other things.
The $9 billion Korea Teachers Pension Fund is also interested in allocating more to alternatives, says CIO Lee Yun-kyu.
The views of Legg Mason's Bill Miller, who pursues value, and ClearBridge's Scott Glasser, who goes after quality, intersect.
MillerÆs Legg Mason Value Trust beat the S&P 500 Index for 15 consecutive years û until last year.