Bill Miller’s Hedge Fund Rose 120% in 2019 After Fast Finish (Bloomberg)
Legendary investorBill Miller’s hedge fund jumped 120% last year — and he says it’s because he didn’t stray from his top names. “In the fourth quarter, we did our favorite thing to do in markets: nothing,” Miller wrote in an investor letter dated Jan. 15. “No new names and no elimination of holdings from the portfolio. This doesn’t happen as often as it probably should.”
Legendary investorBill Miller’s hedge fund jumped 120% last year — and he says it’s because he didn’t stray from his top names. “In the fourth quarter, we did our favorite thing to do in markets: nothing,” Miller wrote in an investor letter dated Jan. 15. “No new names and no elimination of holdings from the portfolio. This doesn’t happen as often as it probably should.”