Alkeon Growth Partners, LP returned 4.51% in August, according to a copy of the firm's latest investor update, which ValueWalk has been able to review.
Alkeon's Growth strategy has produced significant market-beating returns this year. For the year to the end of August, the strategy was up 42.6%, compared to 4.1% for its MSCI World Benchmark. Since its inception, the strategy has produced an annualized return for investors of 15.3%, outperforming the benchmark by 11%.
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Alkeon's long/short strategy ended the month with gross exposure of 149%. On a year-to-date basis, the long book provided a positive performance of 52.2%,...
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