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Legg Mason Manager Heads for Hedge-Fund World

 

One of the brightest stars in Legg Mason's(LM Quote) stable of fund managers has moved on to the greener pastures of the hedge-fund world.

Lisa Rapuano has left the firm to become partner and chief investment officer at Matador Capital, a St. Petersburg, Fla.-based hedge fund, according to a person familiar with the matter. The 38-year-old Rapuano managed the (LMASX Quote)Legg Mason Special Investment fund -- and her savvy work as a tech analyst in the 1990s helped stable mate Bill Miller find winning bets such as America Online and Amazon.com(AMZN Quote) for his (LMVTX Quote)Legg Mason Value Trust fund.

Officials at Legg Mason and Matador Capital didn't immediately return calls for comment Wednesday. ...

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