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Smooth Transition Expected When Star Manager Departs

After Bill Miller steps down from Legg Mason Value Trust this month, new manager Sam Peters says investors will still see continuity in the portfolio strategy but should expect some differences.

Mentioned:

Bridget Hughes: Hi, I'm Bridget Hughes. I'm one of the fund analysts here at Morningstar, and I'm here today with Sam Peters, who is currently the comanager of the Legg Mason Capital Management Value Trust portfolio. He will become the sole manager of that portfolio at the end of April when Bill Miller steps off that fund. Miller will continue to run the Opportunity Trust fund for Legg Mason Capital Management.

Sam, thanks for joining us today.

Bridget B. Hughes does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.