Sunday, 17 May 2009

Manager sees new bull market

Mary Chris Gay, co-manager of the Legg Mason Value fund, believes the recent rally in equity markets is the start of a new bull market.

Ms Gay, who runs the $7.6bn (£5bn, €5.6bn) fund with Bill Miller, said the market ebulliance it is not just a strong bear market rally

“We believe it’s the beginning of a new bull market,” she said.

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