ClearBridge Investments, an investment management company, released its “ClearBridge Small Cap Value Strategy” second quarter 2024 investor letter. Despite strong performance from healthcare holdings, the Strategy lagged its benchmark, the Russell 2000 Value Index, due to headwinds in the materials and industrial sectors. While investors continued to focus on a limited number of AI beneficiaries and bitcoin plays, the rest of the market was hit by the economic slowdown and a higher-for-longer interest rate expectation. This made the second quarter particularly difficult to navigate for...
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