Alkeon Slumps On Short Losses, Bets On Tech AI Revolution

Alkeon Growth Partners returned -5.84% net of all fees and expenses in the third quarter of 2021. Q3 2021 hedge fund letters, conferences and more According to a copy of the firm’s third-quarter update, which ValueWalk has been able to review, the equity long/short fund has returned -10.6% overall this year as its short book has produced substantial losses. Since its inception in January 1998, the strategy has achieved an annualized return of 14.4%. Short Losses The hedge fund has struggled as its bets against unprofitable, and highly leveraged companies have soured. In a recent research note from Credit Suisse,…