Clearbridge Small Cap Strategy Exited Its Stake in Abacus Global Management (ABL) in Q2

Group 1 - ClearBridge Investments released its second-quarter 2025 investor letter for the ClearBridge Small Cap Strategy, highlighting volatility in small-cap stocks during the quarter [1] - The Russell 2000 Index rebounded 10% from its November 2024 record highs, driven by growth, momentum, high-beta, and low-quality stocks, but underperformed compared to the Russell 1000 Index, which returned 11.1% [1] - The ClearBridge Small Cap Strategy underperformed its benchmark during this period [1] Group 2 - Abacus Global Management, Inc. (NASDAQ:ABL) was highlighted in the investor letter, with a one-month return of 3.57% and a 52-week loss of 32.42%, closing at $6.67 per share with a market capitalization of $639.795 million on September 15, 2025 [2] - ClearBridge exited its position in Abacus Global Management due to concerns over its performance and a short report alleging inflated policy values linked to a conflict of interest [3] - Abacus Global Management is not among the 30 most popular stocks among hedge funds, with 30 hedge fund portfolios holding the stock at the end of the second quarter, up from 26 in the previous quarter [4]