Business Wire (Free subscription) | 25/11/2008
NEW YORK--(BUSINESS WIRE)--Royce Value Trust, Inc. (NYSE - RVT) has declared a distribution of $0.38 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash
Business Wire (Free subscription) | 24/11/2008
NEW YORK--(BUSINESS WIRE)--Royce Value Trust (NYSE: RVT): Closing Prices – October 31, 2008 NAV $10.56 MKT $9.66 Total Return Performance
The Stock Market Advantage (Free subscription) | 7 hours ago
A ccording to Larry Kudlow on CNBC today, Bill Miller, manager of the Legg Mason Value Trust and renowned for beating the S&P 500 a record 15 years in a row said the market had hit bottom. Kudlow pointed out that Miller previously called the bottom on April 23, 2008, which was obviously wrong. Miller has also wiped out most of his previous years gains in a dismal performance this year....
Reuters (Free subscription) | yesterday
... "performed far worse than I would've predicted we would" this year.For the year, Miller's flagship Value Trust LMVTX.O fund was down 59.7 percent as of Tuesday, compared to a 41 percent decline in the reinvested returns of the S&P 500 index, according to Lipper Inc., a unit of Thomson Reuters.Performance over the year-to-date, one-, three- and five-year periods for Value Trust...
The Big Picture (Free subscription) | 21/11/2008
Feeling mauled by the seemingly undying bear market? Take a look at the year-to-date performance for some biggest of the big-name investors and consider yourself in good company: * Warren Buffett (Berkshire Hathaway): -43% * Ken Hebner (CMG Focus Fund) -56% * Harry Lange (Fidelity Magellan): -59% * Bill Miller (Legg Mason Value Trust) -50% * Ken Griffin (Citadel): -44% * [...]
Seeker Blog (Free subscription) | 20/11/2008
... In a down year like 2008, you would think there are no taxes to pay. Think again. Legg Mason’s Value Trust, run by Bill Miller, outperformed the market for 15 years by buying many “unvalue” names like Amazon. As investors redeem, he is forced to sell many of these stocks originally purchased at very low prices, triggering huge capital gains in a year his fund is down 62%. You can...
1440 Wall Street (Free subscription) | 07/11/2008
Jerry Yang had his version of the Microsoft mating dance and Ballmer and Co. have theirs. This saga has been a travesty for Yahoo! (YHOO-NASDAQ) shareholders, including Bill Miller, whose Value Trust mutual fund could use the help, given it is down almost 60% YTD. Jerry Yang is on Cramer's Hall of Shame, but he should have his own building, or continent of shame. Jerry should be tarred...
CEOWORLD Magazine (Free subscription) | 03/11/2008
... gratitude to the Supreme Council, and specifically to King ‘Abd Allah and the Crown Prince for the valued trust they have placed in him. He pledged to do his utmost, with the help of Saudi Aramco’s distinguished management team and its highly qualified workforce – administrative and technical – to continue the progress of the Saudi oil and gas industry at this time of development...
The Baltimore Business Journal (Free subscription) | 30/10/2008
Baltimore-based Legg Mason Capital is one of Legg’s eight money managers. It oversees funds including the famed Legg Mason Value Trust, managed by Bill Miller. But Value Trust’s performance has slumped after a long period of setting records, and investors have pulled money out of Legg’s poor-performing funds. Legg said Wednesday that across the company, investors yanked...
DealBook (Free subscription) | 30/10/2008
... the year, as clients withdrew money and investment losses increased. Mr. Miller’s fund, Legg Mason Value Trust, which beat the Standard & Poor’s 500-stock index for 15 years, has declined 51 percent in 2008.“Even with his challenges, Bill Miller has been recognized as one of the better investors,” Jeffrey Hopson, an analyst with Stifel Nicolaus & Company in St Louis, told Bloomberg....
Baltimore Sun (Free subscription) | 30/10/2008
... billion portfolio at Legg Mason Capital Management. He is directly responsible for managing the Value Trust fund, which beat the Standard & Poor's 500 index for an unprecedented 15 straight years until 2006.Since then, the fund has been one of the worst-performing stock funds on the market. The fund's assets have declined to $7.6 billion, from about $20 billion in March 2007.The fund's...
The Baltimore Business Journal (Free subscription) | 29/10/2008
... today formed in 1970 when Mason and Co. merged with Legg and Co. In 1982, Legg Mason launched its Value Trust fund, and a year later, had its initial public offering.Perhaps its most company-altering news came in 2005 when longtime CEO Mason negotiated an asset swap that transformed Legg into a global player in money management. Legg gave its brokerage unit to , taking on Citi’s money...
Business Wire (Free subscription) | 20/10/2008
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