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Bill Miller to Start Fund With Son Under His Family Name

After three decades of managing money on behalf of Legg Mason Inc., Bill Miller is going to run a mutual fund under his own name.

The Miller Income Opportunity Trust last week filed with the U.S. Securities and Exchange Commission to sell shares to the public. The fund, to be run by Miller and his son, will seek to produce a high level of income from a “wide array of sources” by identifying “mispriced” investment opportunities, according to the Dec. 13 filing.