Chairman & Portfolio Manager, Legg Mason Capital Management, Inc.
Bill Miller is the Chairman of Legg Mason Capital Management and the
portfolio manager for the Legg Mason Capital Management Opportunity
Trust mutual fund and related strategies. He and his partner, Ernie
Kiehne, founded Legg Mason Capital Management and served as portfolio
managers of the Legg Mason Capital Management Value Trust from its
inception in 1982 until Bill took over as sole manager in December 1990.
Bill was sole manager of the fund for the next 20 years. During his
tenure as sole manager the fund’s performance exceeded its S&P 500
benchmark index for 15 consecutive years. Sam Peters joined Bill as
co-manager of the Legg Mason Capital Management Value Trust in November
2010 and become sole manager April 30, 2012.
Bill was the director of research for Legg Mason from
October 1981 through June 1985, and assumed overall responsibility for
Legg Mason’s equity funds management division in 1990. Prior to
joining Legg Mason in 1981, he served as treasurer of the J.E. Baker
Company, a major manufacturer of products for the steel and cement
Bill earned his economics degree from Washington and Lee
University where he graduated with honors in 1972. Subsequent to
graduation, he served as a military intelligence officer overseas and
then pursued graduate studies in philosophy in the Ph.D. program at The
Johns Hopkins University. He received his CFA designation in 1986.
Bill is Chairman Emeritus of the Board of Trustees of the Santa Fe
Institute where he served as Chairman from 2005 to 2009. The Santa Fe
Institute is one of the world’s leading scientific research
laboratories, conducting multi-disciplinary research in complex systems