Alkeon: Big Tech Is Only Just Getting Started

The ACAP Strategic Fund’s managers see a “significant scarcity of attractive asset allocation choices globally,” but also a strong environment for fundamental stock picking. Q2 2021 hedge fund letters, conferences and more According to a copy of the fund’s second-quarter investor update, which ValueWalk has been able to review, its managers currently hold a balanced view of the market, with attractive relative equity valuations in some sections of the market. Still, they also emphasize a need to be selective. Quality vs junk It seems that not all other investors hold the same opinion. The investment review notes that one of…