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October 2, 2008

Legg's Bill Miller beats the S&P 500

Legg Mason's Value Trust mutual fund is once again creaming the S&P 500 -- for the last two weeks. Bill Miller's fund, which famously beat the S&P year after year, has been performing miserably lately because of huge bets on housing and finance. But from Sept. 17 through yesterday, Value Trust is up 4 percent while the S&P 500 is basically flatlining.

UPDATE: I can't get the default chart on the link to show the last two weeks. You have to reset the start date for Sept. 17.

Posted by Jay Hancock at 10:11 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
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