Alkeon Growth Slumps 15% In 2021 After Bumper 2020 [Exclusive]Rupert Hargreaves
Alkeon Growth Partners flagship long/short equity growth fund returned -15% in 2021, according to a copy of the firm's latest investor update, which ValueWalk has been able to review.
In December, the strategy lost -0.88% as investors rotated away from growth stocks, which feature heavily in the hedge fund's portfolio.
The firm is focusing primarily on high-quality secular compounders and has no exposure to energy or bank stocks, which performed exceptionally last year. These two sectors returned 45% and 30% respectively.
This performance is one of the worst on record for the investment manager.
Bad . . .
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