Bill Miller Looks to Housing for Redemption

摘要

Bill Miller, who beat the Standard & Poor's 500-stock index at Legg Mason's Value Trust for 15 years through 2005 before falling into a deep slump, is seeking redemption as a housing bull.Miller's Legg Mason Capital Management Opportunity Trust has bet about a third of its holdings on a property rebound through homebuilders, mortgage real estate investment trusts, and loan insurers. The move has propelled the $945 million fund to a return of 30 percent this year through Oct.