This top performing growth fund likes tech stocks for the coming labor shortage as it expects sector to become half of S&P 500

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Michelle deBoer-Jones
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Alkeon Growth Partners was up 1.65% for October, bringing its year-to-date return to 26.96%. The fund had 122 long positions and 119 short positions with a net exposure of 80% and gross exposure of 182%. Alkeon’s long positions contributed positively to its performance, while its short positions and hedges detracted. Q3 2019 hedge fund letters, conferences and more Support for the equity market In their October letter to investors, which was reviewed by ValueWalk, the Alkeon team said they “remain very constructive on high quality growth compounders with strong secular product cycles (that are often largely decoupled from the economic…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.