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Bill Miller's A Hedge-Fund Guy Now With A Funky Model To Try Out

TedTed
in Fund Discussions
FYI: When pitching investors, you normally don’t want “hedge fund" and “earthquake” in the same sentence. But Bill Miller, already known for quirky investing methods, is starting a hedge fund that will make bets based in part on a computer model designed to predict natural disasters.

Called Seismic Value Partners 1, the hedge fund marks Miller’s first foray in that business after decades managing mutual funds at Legg Mason. He won approval last month from the U.S. Securities and Exchange Commission to open Miller Value Partners, a money management firm that will oversee his hedge funds.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-02-11/bill-miller-s-a-hedge-fund-guy-now-with-a-funky-model-to-try-out

Comments

  • Alban
    Apparently Bill Miller's strategy of "doubling down" was not working anymore, so he had to move to something else.
  • DlphcOracl
    Sold to you.

    I cannot run away fast enough from any financial product with Bill Miller's name on it.
  • Alban
    I think he will be the only investor in the fund.
  • TSP_TransferTSP_Transfer
    edited February 2016
    I wonder if any of these other guys have "hedge Fund" ideas before the Securities and Exchange Commission
    Top fund managers can't catch a break
    Some formerly hot hands like Legg Mason's Bill Miller have gone cold
    Feb 10, 2016 @ 4:23 pm
    By John Waggoner

    Mr. Miller clawed his way back with Legg Mason Opportunity, driving the fund to a 40% gain in 2012 and a 68% gain in 2013. But the current market correction has clobbered the fund, sending it down 27.9% this year through Monday,
    Another big name with big losses: G. Kenneth Heebner, manager of CGM Focus fund (CGMFX), which is down 25.10%. Mr. Heebner, one of the top managers of the 1990s, has had a rotten decade
    Baron Partners fund (BPTRX), the eponymous $1.6 billion fund run by Ron Baron since 1992, has shed 23.47% this year.
    Federated Kaufman Small Cap (FKASX), overseen by legendary small-cap investor Hans Utsch, has fallen 24.80% this year
    Jacob Small Cap Growth Fund (JSCGX), run by former dot-com investing star Ryan Jacob, has plunged 26.79% this year and 40.87% over the past 12 months, according to Morningstar. (Jacob Internet, in contrast, has fallen 22.55% in 2016 and 14.71% the past 12 months).
    It's been a rough ride for Jacob. The fund has not risen above the 99th percentile for the past one, three and five years
    Messrs Miller, Heebner, Baron, Jacob and Levine could not be immediately reached for comment.
    http://www.investmentnews.com/article/20160210/FREE/160219987?template=printart
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