Seeking Alpha

Citigroup analysts say Bill Miller’s departure from Legg Mason (LM) is a long time coming...

Citigroup analysts say Bill Miller’s departure from Legg Mason (LM) is a long time coming after keeping the faith for too long on lemons Fannie Mae and, more recently, Kodak. LM's Value Trust Fund retail assets under management, nearly $20B in 2005, have sagged to $3B; the move is "a tactical positive, potentially giving a fresh start... and/or helping to stem further attrition."
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