About Our Firm

LMM is a team of investment professionals dedicated to maximizing the long-term wealth of our investors.

We focus on the profession of investment management in all that we do. To us, this means putting our clients’ interests first and meeting the highest standards of our industry. We think and act with honesty, integrity and excellence, and we strive to be competitive with the best in the industry.

We firmly adhere to a value-driven, research-intensive investment process. We are patient, long-term investors who invest with a longer time horizon than the market, which we view as a competitive advantage.  Learn more about our investment approach.

We look at things differently and foster a culture that values intellectual curiosity, constant learning and adaptive thinking. Visit our blog.

We strive to offer innovative strategies that align with our investment approach. We believe that to successfully capitalize on opportunities in the market, our products need to be flexible. We also know that to outperform the market, we need to manage portfolios that don’t look or behave like the market. Learn more about our strategies.

Founded in 1999, LMM operated as the investment advisor to Opportunity Equity  and later, Income Opportunity Strategy together with its affiliate Legg Mason Capital Management (LMCM). In 2013, we separated from LMCM and established LMM as a standalone investment firm.

Our team of 15 professionals1 is located in Baltimore, Maryland. As of December 31, 2016, LMM has $1.9 billion in assets under management. LMM is a partially-owned subsidiary of Legg Mason, Inc. We receive operational support from 1919 Investment Counsel, LLC, which allows us to focus on what we do best — investment management. Our portfolio management team remains intact and carries on the unique investment thinking that has always characterized Bill Miller’s investment strategies.

Read Next: Our People


1Includes 1919 Investment Counsel employees who support LMM in trading and compliance.