Bill Miller, manager of the Legg Mason Value Trust, may have made a poor gamble last summer, when he expanded his holdings of
Following the governments bailout of the Freddie and
Calls to the company to inquire about present holdings were not returned, so its hard to pinpoint how much of a hit it actually took.
Investors in Legg Mason funds have already had their confidence shaken, and they withdrew $18.4 billion from the companys funds in the second quarter ended June 30.
Other analysts, however, speculate that the two companies stock could rally, much as mortgage debt that they guarantee has risen in value on news of the government bailout.