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Bill Miller

Bill Miller

Portfolio Manager at Miller Value Partners, LLC

Baltimore, MD , United States

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

OrganizationRoleDate RangeDetails
Miller Value PartnersPortfolio ManagerMar 2017 to Present
Co-manager of the Miller Income Fund (LMCLX)
McKinsey & CompanyAnalystJun 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...
LMMAssistant Portfolio ManagerJun 2013 to Present
Legg Mason Capital ManagementSecurity AnalystAug 2008 to Jun 2013
Cover specialty finance and consumer sectors with a focus on income-producing securities
Legg Mason Capital ManagementSummer AssociateJun 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

Investments
Analysis
Research
Product Development
Team Leadership
Risk Management
Financial Modeling
Strategy
Valuation
Business Strategy
Strategic Planning
Portfolio Management
Equity Research
Business Analysis
Financial Analysis
Equities
Bloomberg
Market Research
Business Development
Securities
Trading
Analytical Skills
Finance
Hedge Funds
Alternative Investments
Mutual Funds
Due Diligence
Asset Management
Microsoft Office
Sales
Capital Management
Microsoft Excel
Financial Services
Security
Mason
Leadership
Customer Service
SQL

Others at Miller Value Partners, LLC (2)

NameRoleLocation
Daniel Lysik
Daniel Lysik
Portfolio ManagerLutherville-Timonium, MD , United States
Jack Metzger
Jack Metzger
AnalystBaltimore, MD , United States

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