ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Growth Strategy” second quarter 2024 investor letter. In the second quarter, the gap in equity leadership narrowed considerably as mega-cap growth stocks reaffirmed their dominance and obscured weakness in most of the market. The S&P 500 Index rose 4.28% while the NASDAQ Composite advanced 8.26% for the period compared to a 3.28% decline for the small-cap Russell 2000 Index. The strategy underperformed its Russell 1000 Growth Index benchmark in the quarter and delivered gains across five of...
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