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10 Questions With Legg Mason Bargain Hunter Lisa Rapuano

 

Maybe you know Lisa Rapuano's name and maybe you don't. You should, though.

A halo of deserved praise surrounds her boss Bill Miller, who manages the (LMVTX Quote)Legg Mason Value Trust fund, among others, and who is the only fund manager to top the S&P 500 over each of the past 11 years. But not much of that light is shed on his team, including Rapuano, who started covering tech stocks for him in 1994.


Talking With:

Lisa Rapuano
Fund: (LMASX Quote)Legg Mason Special Investment
Managed Since: January 2001
Assets: $2.2 billion
YTD-Year Return: -0.9%/Beats 65% of Peers
1-Year Return: -5.2%/Beats 58% of Peers
Expense Ratio: 1.79% vs. 1.38% category avg.
Top Holdings:
Republic Services
Radian Group
Symantec
Sources: Morningstar and Legg Mason. Returns through Feb. 3.

She helped him analyze some of his most controversial and successful picks, such as America Online in its unprofitable days. More recently she and her colleagues have cobbled together an idea of what Amazon.com(AMZN Quote) is worth; Legg Mason is now the online store's biggest bondholder and stockholder. She calls herself "Amazon girl." ...

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