Alkeon Slumps On Short Losses, Bets On Tech AI Revolution

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Rupert Hargreaves
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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,…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk