Here’s Why ClearBridge Investments Sold its CSG Systems (CSGS) Position

ClearBridge Investments, an investment management firm, published its “Small Cap Value Strategy” first quarter 2022 investor letter – a copy of which can be downloaded here. The ClearBridge Small Cap Value Strategy outperformed its Russell 2000 Value Index benchmark during the first quarter. On an absolute basis, the Strategy had losses across seven of the 11 sectors in which it was invested during the quarter. The leading detractors were the consumer discretionary, IT, and health care...