Some investors made out like bandits during miller's 15-year run, but, as his legend grew, assets poured in because so many investors climbed on at the top, far more was lost on the downside than. William h miller iii is an american investor, fund manager, and philanthropisthe served as the chairman and chief investment officer of legg mason capital management as well as the principal portfolio manager of the legg mason capital management value trust. Bill miller case study taylor scott 2/4/13 bill miller value trust case as of 2005, the mutual fund value trust, run by bill miller, had beaten the mutual fund market for more than words: 492 — pages: 2. Bill miller value trust is regarded as one of the very successful mutual funds in history constant success of bill miller value trust is an indication of a strategy behind it as it withstood bull markets during 1990s and the bear market in the early 2000. Version 40 bill miller summary of the case: billy miller, who manages the value trust fund, consistently leads his company to beat the mutual fund market for 14 years this remarkable outcome is viewed as impossible mission by those economists and financial analysts.
Bill miller analysis bill miller and value trust case analysis case facts: 1 by middle 2005, leg mason value trust managed by bill had outperformed s&p 500 index for 14 years in a row. Related case solutions: general property trust creating and sustaining trust in virtual teams building the virtuous circle of trust the trust development process why too much trust is death to innovation bill miller and value trust risky trust: how teams build trust despite high risk risky trust: how teams build trust despite high risk aurora. Bill miller and value trust exhibit 5 presents a 10-year summary of the annual returns for value trust and eight other legg mason equity funds morningstar, the well-known statistical service for the investment community, gave value trust a five-star rating, its highest for investment performance.
Bill miller and value trust case study summary of the case william h (bill) miller iii, who managed value trust, a very successful mutual fund, consistently beat its standard & poor's 500 index (s&p 500) benchmark for 14 years in a row. Case solution set in the autumn of 2005, this case recounts the remarkable performance record of value trust, a mutual fund managed by william h bill miller iii at legg mason, inc. Miller was a believer of fundamental analysis and his buying strategy often involved buying low-priced high intrinsic value stock almost half of value trust assets was large cap stock that are growth stocks and are generally riskier than average stocks but offered a higher yield and paid little or no dividends.
Bill miller is back with a vengeance, thrashing the market again though he's taking some pretty big risks in doing so the legendary portfolio manager's miller opportunity trust mutual fund is up. During famed fund manager bill miller's 15-year streak of outperforming the s&p 500 index , he was often held up as proof that stock picking wasn't just dumb luck it required skill. Bill miller's departure from the legg mason capital management value trust adds a chapter to the debate regarding the value of active stock selection.
Darden case entitled, bill miller and value (f-1481) the case write-up should be 2-4 pages in length and turned in at the beginning of class on october 29 th (one case write-up per group. In brief bill miller is co-founder and current chairman of us investment group legg mason capital management he rose to prominence during the 2000s for consistently beating the us stock market with a blend of contrarian value and growth strategies. Harvard & ivey case solutions & analysis - hbs hbr case study solutions and analysis.
Miller is the portfolio manager for the legg mason value trust fund, which recorded one of the longest winning streaks in mutual fund history miller's fund grew from $750 million in 1990 to $20 billion in 2006. Disney has issued a 100-year bond, and an investment analyst is trying to value it duration, credit risk, and term structure are all important concepts that are used in the analysis of the case. This is a darden case studyset in the autumn of 2005, this case recounts the remarkable performance record of value trust, a mutual fund managed by william h bill miller iii at legg mason, inc the case describes the investment style of miller, whose record with value trust has beaten the s&p 500 14 years in a row. Mike miller (a) case analysis, mike miller (a) case study solution, mike miller (a) xls file, mike miller (a) excel file, subjects covered executives interdepartmental relations job satisfaction personal strategy & style values by vijay v sathe, c paul dredge source: harvard.