This growth fund was struck by outperformance of low-quality stocks

Alkeon Growth Partners was up 1.02% for February, although it remains in the red for 2021 with a -1.7% return. The MSCI World was up 2.45% for February and 1.37% for 2021, while the MSCI AC World gained 2.21% for February and 1.68% for the first two months of the year.

Q4 2020 hedge fund letters, conferences and more

Low-quality stocks outperform

Alkeon's long positions contributed positively to its returns, while its shorts and market hedges underperformed. The fund enjoyed positive performances in the U.S., Asia and Europe, but the portfolio underperformed in Latin America. Year to date, Alkeon's long positions have contributed about 1.72% to its performance, while its short positions and market hedges have subtracted about 3.11% gross.

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