Bill Miller’s Hedge Fund Rose 120% in 2019 After Fast Finish (Bloomberg) Legendary investorBill Miller’s hedge fund jumped 120% last year — and he says it’s because he didn’t stray from his top names. “In the fourth quarter, we did our favorite thing to do in markets: nothing,” Miller wrote in an investor letter dated Jan. 15. “No new names and no elimination of holdings from the portfolio. This doesn’t happen as often as it probably should.”