Bill Miller

Plenty of 'outstanding' investment opportunities to be found in US stockmarket

Left Legg Mason last year after 35 years

Key announcements over the break

Legg Mason's chief executive Bill Miller is setting up a mutual fund under his own name, to be run together with his son as assistant fund manager.

Legg Mason units ClearBridge Investments and Legg Mason Capital Management (LMCM) are to forge closer links by integrating business operations.

Goldman Sachs' BRIC fund was one of the worst affected by yesterday's sharp commodity sell-off, which saw the price of Brent Crude oil fall 10%.

Legg Mason's US equity veteran Bill Miller said US large caps have become "an empty stadium" as investors flock to the "overvalued" commodities sector.

Legg Mason's Bill Miller is calling time on the commodities bull market and says he expects prices to peak within the next two years.

Legg Mason's heavyweight managers are uber-bulls on the US corporate sector across the market cap spectrum, with Chuck Royce predicting a rebound in small caps and Bill Miller seeing a return to form with his large-cap holdings.

Legg Mason's chairman Bill Miller has slammed investors for ignoring the advice of ‘the Sage of Omaha' Warren Buffett.