Investing legends Richard Pzena and Bill Miller are experiencing hard times in this turbulent market. Should you bet with them and trade their comeback?
Pzena Investment Management is down more than 40% since its IPO in October 2007; explains Dylan Ratigan while Bill Miller's Vaunted Legg Mason Value Trust posted its worst-ever 1st quarter drop. (Remember Miller is famous for beating the S&P for 15 straight years.)
Should you bet on a Pzena and/or a Miller comeback?
I think Richard Pzena is a tremendously sophisticated investor, says Karen Finerman. And, Bill Miller is probably one of the smartest fund managers out there. I think it’s okay to trade along with them. Also you could trade with John Bader of Halcyon Asset Management. I like them all, she says.