Massachusetts's Pension Fund Fires Bill Miller and Others

August 6, 2008 1:09 PM EDT

According to reports from Reuters, Massachusetts's $50+ billion pension fund fired Bill Miller's Legg Mason (NYSE: LM) unit and four other firms from managing $1.8 billion in stocks.

The fund will transfer about $1.4 billion of the portfolio to State Street Corp. (NYSE: STT).


Related Categories

Insiders' Blog
Trader Talk

Stocks Mentioned

LM 27.53

+0.24 +0.88%
Volume: 2,219,236
Track LM

STT 40.66

-0.44 -1.07%
Volume: 2,371,200
Track STT


Related Entities


Add Your Comment





Follow StreetInsider.com On Twitter