Morningstar Names Top Fund Managers

Mutual fund managers Bill Miller of Legg Mason, Bill Gross of Pimco Advisors Holdings and Mark Yockey of Artisan Partners were named 1998 Portfolio Managers of the Year by Chicago research firm Morningstar Inc. on Wednesday.

Miller manages the Legg Mason Value fund, Gross runs the Pimco Total Return fund and Yockey oversees the Artisan International fund.

Legg Mason Value rose 48% last year, Pimco Total Return gained 9.8% and Artisan International advanced 32%. All three ranked among the top funds in their respective categories.

Last year’s honorees were Mario Gabelli, Gabelli Asset and Gabelli Value; Helen Young Hayes, Janus Worldwide and Janus Overseas; and David Baldt, Morgan Grenfell Fixed Income.