ClearBridge Investments, an investment management firm, published its “Value Equity Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Value Equity Strategy underperformed the benchmark Russell 1000 Value Index in the fourth quarter. On an absolute basis, the Strategy posted gains in 10 of 11 sectors in which it was invested during the quarter. The sole detractor from the Strategy’s performance was the communication services...
