Here’s Why ClearBridge Investments Exited its Olaplex (OLPX) Position

ClearBridge Investments, an investment management firm, published its “Mid Cap Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. During the first quarter, the ClearBridge Mid Cap Growth Strategy underperformed its Russell Midcap Growth benchmark. On an absolute basis, the Strategy had losses across nine of the 10 sectors in which it was invested during the quarter (out of 11 sectors total), with the IT, consumer discretionary, and health care...