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Famed investor Bill Miller leaving Legg Mason after 35 years (access required)

Bill Miller is leaving Legg Mason after more than three decades. The stock picker, famed for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, is buying Legg Mason’s stake in LMM LLC, the fund company through which he now runs the $1.3 billion Legg Mason Opportunity Trust, ...