Long Only Stock Picker Bill Miller Goes Quant, Looks To Earthquakes For Guidance

Legendary equity stock picker Bill Miller, former chairman and chief investment officer at Legg Mason Capital Management, is moving to the dark side. The former portfolio manager of the long-only Legg Mason Capital Management Value Trust mutual fund and current manager of the Legg Mason Opportunity Trust is starting a quantitative hedge fund whose goal is to identify stock market earthquakes. It is his formula analysis method that is turning heads. Bill Miller, Seismic Value fund uses seismologists to predict next stock market earthquake Miller is forming a hedge fund titled “Seismic Value Partners 1,” his first move into the…