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, one of the best performing investment styles this year has been a basket of...
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