Hedge Funds

Rapuano joins Matador


Lisa Rapuano, one of the key portfolio managers at Baltimore-based Legg Mason, is to join St. Petersburg, Florida-based boutique, Matador Capital.

Rapuano ran the $3.4 billion Special Investment Trust, the group's second-largest fund, which was up 54% last year. She has run the fund on her own since 2001; prior to that she was co-manager alongside the group's CIO, Bill Miller. She began her career at Legg Mason in 1994 as an analyst specializing in the tech sector and is credited with having nurtured profitable ideas feeding into Miller's portfolios.