fund managers

Mutual Fund Legend Bill Miller Steps Down

Legg Mason's Bill Miller was the mutual fund industry's rock star through the 1990s and the first few years of this millennium. Now he's unplugging his amp and walking off the stage.

Mirror, Mirror on the Wall St.: Is Copycat Investing Smart?

Mirror investing lets you link your investment account to someone else's: When they make a trade, you automatically trade too. It guarantees that the person guiding you has skin in the game, but is it really wise to put your investment decisions in the hands of a stranger?

Fund Managers Understate Portfolio Churn

Some equity fund managers are talking the talk, but not walking the walk -- by churning their portfolios more than they say. A new study finds that some active equity fund managers have higher portfolio turnover rates than they themselves claim. Several factors cause short-termitis.