Legg Mason’s Bill Miller to Exit Main Fund

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Nov. 17 (Bloomberg) -- Bill Miller, the Legg Mason Inc. manager known for beating the Standard & Poor’s 500 Index for a record 15 years through 2005, will step down from his main fund after trailing the index for four of the past five years. Miller, 61, will be succeeded by Sam Peters as manager of Legg Mason Capital Management Value Trust on April 30, the Baltimore-based firm said today in an e-mailed statement. Betty Liu and Dominic Chu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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