EFTA Document EFTA01386216

AGP LP 519 Alpha Group Caudal Paul Barrett • Alkeon's activities could cause adverse tax consequences to funds and investors, including liability for interest and penalties. • Alkeon and its affiliates may spend time on activities that compete with a fund without accountability to investors, including investing for other clients and their own accounts. If Alkeon receives better compensation and other benefits from managing other assets or funds compared to managing another fund, it has i