This hedge fund expects tech stocks to soar as labor shortage hits corporate America

Alkeon Growth Partners was up 1.47% for the month of December and up 35.11%  for 2019, as global equities climbed. The fund’s net exposure was 60.4%, while its gross exposure was 167%. It had 112 long positions and 124 short positions in December, according to its December letter, which was reviewed by ValueWalk. Long positions prevail Alkeon’s long positions were positive in December, but its short positions and market hedges detracted from results. On a year-to-date basis, both the short and long positions produced positive alpha. The fund’s long book contributed 59.5% in 2019, while its short book detracted 8.6%….