Alkeon Growth Partners was up 11.42% net for the fourth quarter, bringing its full-year return to 54.4% for 2020. The MSCI AC World returned 14.35% for the fourth quarter and 14.34% for the full year.
Q4 2020 hedge fund letters, conferences and more
The best environment for stock picking
In their fourth-quarter letter to investors, which was reviewed by ValueWalk, the Alkeon team said they believe this is "an exciting new era for stock picking" and one of the best they have ever seen. They see opportunities across "large segments of the market," adding that high-quality stocks remain cheap versus low-quality stocks.
The Alkeon team especially favors companies with little to no debt in the healthcare and technology sectors. They remain...
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