Bill Miller’s Hedge Fund Floats on the Amazon, Bitcoin Wave Surging 46%

Discussion in 'Wall St. News' started by dealmaker, Jul 30, 2019.

  1. dealmaker

    dealmaker

    Bill Miller’s Hedge Fund Floats on the Amazon, Bitcoin Wave Surging 46% (Coin Speaker)
    Bill Miller, the legendary investor is bringing his winning experience to the hedge fund business. According to an investor document published by Bloomberg, Miller’s fund that launched three years ago gained 46% in the first six months of 2019. That is enough to make heads turn in the hedge fund industry. A while back, we reported that Miller allocated 30% of the hedge fund portfolio in Bitcoins. That investment proved worthwhile with Bitcoin exploding to an all-time high in December 2017. The investor is known to gain success by following the same playbook that he implemented during his 30-year run at Legg Mason. He picked beaten-down securities trading at large discounts to their intrinsic value