Big Tech May Have Taken A Bite Out Of This Giant Hedge Fund’s Recent Returns

May was a difficult month for Big Tech, and it looks like things have gone from bad to worse now as regulators set their sites on big names like Apple and Alphabet under pressure from the U.S. Department of Justice. Hedge funds with significant positions in tech are being hit hard, and Alkeon Growth Partners is among them.

Alkeon was in the red for May

In their May update for investors, which was reviewed by ValueWalk, Alkeon Capital Management said the Alkeon Growth Partners fund declined 1.15% for May, although the fund is up 21.3% for 2019 so far. The MSCI World index declined 6.08% for May but is up 8.62% for the year, while the MSCI AC World index was...