The magic's back.

Bill Miller, Legg Mason's storied equities manager is kicking butt again.

According to Investment News, Miller's Legg Mason Capital Management Value Trust (LGVAX), which set the standard on equities performance for a decade-and-a-half generated a 30.73 percent return over the one year-period ending May 24.

The S&P 500, meanwhile, generated a 27.77 percent return over the same time period, in comparison.

The trade pub notes though that Miller hasn't managed the fund since May 1, 2012. The fund had suffered for a few years as a result of the Financial Crisis of 2008. It is now helmed by Sam Peters.

Meanwhile, Investment News notes that Miller is now managing one fund, the Legg Mason Opportunity Fund Opportunity Fund (LGOAX)-- which has been his since 1999.

That fund is also displaying some of the old Miller magic though, generating 66.58 percent return over the same time period.

Read more in Investment News. 

Edited by: Tommy Fernandez


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