Guru watch: Fund star Bill Miller falls to earth

Anthony Bolton isn’t the only famous fund manager whose reputation has suffered a hefty blow recently. Bill Miller has fared worse. After 29 years at the helm of the Legg Mason Value Trust, he stepped down this week.

Anthony Bolton isn't the only famous fund manager whose reputation has suffered a hefty blow recently.

Bill Miller has fared worse. He stepped down this week after 29 years at the helm of the Legg Mason Value Trust. In the 15 years to 2006, Miller's fund beat its benchmark, the S&P 500 index, every single year. Fortune dubbed him "the greatest money manager of all time".

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