PAUL MILLER Obituary

MILLER--Paul Fetterolf, Jr.,

a trailblazer in the field of portfolio research and investment management, died on September 9, 2017. He was 89. In 1950, Paul graduated with a B.S. in Economics from the Wharton School at the University of Pennsylvania. In 1969, he launched one of the earliest boutique investment management firms when he founded Miller Anderson & Sherrerd, a bold step that proved more successful than he ever expected. He always said he was in the right place at the right time, but it is also true that his talent, charisma and self-confidence, as well as egalitarian treatment of those around him, contributed greatly to his success. The business was purchased by Morgan Stanley in 1996. Paul served on the Penn Board of Trustees for over 30 years and was Chairman from 1978 to 1986. He also served as a director of several major corporations including the Mead Corporation, Rohm & Haas Company, and Hewlett- Packard Company. He chaired the investment committees for the Ford Foundation and the World Wildlife Fund, traveling widely along with his wife Warren to witness their grantees in action. He was also a director of the Colonial Williamsburg Foundation, the Pew Charitable Trusts, the National Center for Public Policy and Higher Education, Appalachian Mountain Club, Squam Lakes Natural Science Center and the Useppa Island Historical Society. He was honored to be elected a member of the American Philosophical Society in 2005. Paul was a lifelong angler who fished in the Poconos and Maine in his early years and on his beloved Squam Lake in New Hampshire and near Useppa Island in Florida. He was forever messing around in boats. He loved gardening, reading, traveling, sailing, wildflower photography, and amateur astronomy. He also enjoyed watercolor painting, tennis, golf, croquet, and hiking. Paul was a notorious napper, joker, and singer of silly and sentimental songs. In 2006 he published his memoir, which he titled "Better than Any Dream" because that was how he felt about his life. He felt particularly blessed by his 65-year love affair with his wife, Warren, with whom he shared an extraordinary partnership. Paul is survived by Warren, children Winky Merrill, Kathy Miller, and Paul (Buzz) Miller III; six grandchildren; and his sister, Mary Ann Scott. A memorial service and reception will be held at 10:30am on Saturday, December 2, in the Egypt Upper Gallery of the University of Pennsylvania Museum, 3260 South St., Philadelphia, PA.

Published by New York Times on Nov. 14, 2017.
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