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About
Bill Miller IV, CFA, CMT, is Chief Investment Officer and Portfolio Manager at Miller Value Partners, where he leads the management of the Miller Value Funds and co-founded the Miller Income strategy. In this role, he oversees portfolio construction with a focus on identifying undervalued securities and managing assets across both equity and fixed income markets, particularly high-yielding securities.
Miller specializes in specialty finance, consumer sectors, and high-yield securities, having built substantial expertise in these areas during his time at Legg Mason Capital Management and continuing at Miller Value Partners. His investment approach is opportunistic across the capital structure, seeking attractive yields and value opportunities in both traditional equities and income-generating assets.
He began his career as an analyst at McKinsey & Company before earning an MBA from the Tuck School of Business at Dartmouth and a BA in Economics from Tufts University. Miller’s notable achievements include co-founding and managing the Miller Income strategy and guiding investment processes that emphasize thoughtful risk-taking and disciplined value investing, solidifying his reputation within the investment industry for sector depth and cross-capital structure expertise.
Career History
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Miller Value Partners | Portfolio Manager | Mar 2017 to Present | Co-manager of the Miller Income Fund (LMCLX) |
| McKinsey & Company | Analyst | Jun 2003 to May 2006 | - Research Analyst: Supported client projects and knowledge development initiatives worldwide by finding, analyzing, and synthesizing content on a vast range of topics; played a leading role on longer... |
| LMM | Assistant Portfolio Manager | Jun 2013 to Present | — |
| Legg Mason Capital Management | Security Analyst | Aug 2008 to Jun 2013 | Cover specialty finance and consumer sectors with a focus on income-producing securities |
| Legg Mason Capital Management | Summer Associate | Jun 2007 to Aug 2007 | Worked with CFO to develop new products and distribution channels; researched potential investments |
Education
Dartmouth College - The Tuck School of Business at Dartmouth
MBA
2006 — 2008
Tufts University
Bachelor of Arts - BA, Economics
1999 — 2003
Skills & Expertise
Others at Miller Value Partners, LLC (2)
| Name | Role | Location |
|---|---|---|
| Portfolio Manager | Lutherville-Timonium, MD , United States | |
| Analyst | Baltimore, MD , United States |
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