This tech-heavy hedge fund is in the green for 2020 despite March selloff

Alkeon Growth Partners was up 8.11% for May, bringing its year-to-date return to an impressive 23.4%, including the steep selloff in March. The fund's net exposure was 73.9%, while its gross exposure was 165% in May. The fund held 131 long positions and 129 short positions.

Q1 2020 hedge fund letters, conferences and more

Alpha on long and short sides

According to Alkeon's May letter to investors, which was reviewed by ValueWalk, the fund's long positions contributed to performance during the month, while its short positions and market hedges detracted. So far year to date, the portfolio has posted positive...