EFTA01386262

AGP LP 519 Alpha Group Capital Paul Barrett Sincerely, Alkeon Capital Management Performance data is from another investment vehicle which runs pari-passu to Alkeon Growth Partners, LP (AGP) and follows substantially the same investment strategy (be 'Allmon Growth Strategy or 'ADS' as AGP. The other investment vehicle's performance represents the longest hack record available for the Alkeon Growth Strategy with an inception dale of January 5, 1998 (MSCI data is as of January 1, 1998) and rellects the deduction of the vehicle's actual fees and expenses during the period shown, including the deduction of a 1% management fee charged to investors prior lo March 1, 2004, a 1.5% management lee charged to investors beginning March 1. 2004 and a 1.75% management fee charged to investors beginning July 1, 2011. AGP commenced operations in January 2003 and has been subject to different fees and expenses than the other investment vehicle. AGS performance shown above may have been lower during certain periods had it charged similar lees lo AGP. AGP's net exposure estimates are obtained from the Morgan Stanley Performance Measurement DASPM) System. FactSel provided forward-year EV/EBITDA for securities and indices. EV/EBITDA may not be available for each security, and only EV/EBITDA numbers that aeon Capital Management, LLC rAlkeon') believes to be reasonable, between 0 and 100, were used in calculations EV/EBITDA for the above graph is crlcualed at year ends (except for the current month) and may have been different during the year. EV/EBITDA for the S&P 500 in the above graph is included lot reference purposes only. 3 Akeon Asia Growth, LP was launched in August of 2007. 4 Alkeon Asia Growth. LP's net exposure estimates are obtained from the MSPM System. FaciSet provided forward-year EV/EBITDA for securities and indices. EWEBITDA may not be available for each security, and only EV/EBITDA numbers that Alkeon believes to be reasonable, between 0 and 100. were used in calculations. s MS Alkeon UCITS Fund was launched on July 22, 2011. Please note MS Akeon UCITS Fund is not available to US investors. e Alkeon UCITS net exposure estimates are obtained from the MSPM System. FactSet provided fonvard-year EV/EBITDA for securities and indices. EV/EBITDA may not be available for each security, and only EV/EBITDA numbers that Alkeon believes lobe reasonable, between 0 and 100, wore used in calculations. For further information please contact Invcrunt eioNn if...foam to me SA\-SPAIA Act me eman may be c vde-ei eehebserrene cc solcitaeon it yore do rot vent to reortme turner ems ra from Armon Camel Management L1C. raselen'). please rep& to this mood and an to be *manna kern our meting let This cloun- nent es confidential it cannot be forwarden cored a othendse mardwed sAics.7. lee trer wshen consent oS Merin 'l he irdornedfan in 'Na message is for tfre&rrimpanal pur oses a* and is not an Mr to Sal er 9 SOS°787iOn GI tow offer to toy emotes Arv such dfee we be Mode Only airOoge die ~an defer na retrials for ore of the funds dot Alston meow". Como:en/um dan meatnient gm any hind reneged by Aeuon e ta refitafes (the "Akio.. Funds') •Xsziod only be %men Venn a aretol ferrite 4 Ma ne-fAkkarl 0"'In' 12 4“xnfrente by a Ph7SOnhe svede. t l 0,77 aper the Omil/eelhe inenCe S fule sitar od mat Me mosmaMie mite:: iMnS at »Maher Iset. M9 Or its mensen, repressetaene rate maid for and mowed at inforrabr wlwh wauto mete be ,,'est, lor tan the !wester and he or her imeetrant reve ve) to eeMate eie manta and rake of a potential ~grunt the Anton Funds Tine elm fnabon coramiked herein e tented and is Mended lo prOside a representeton of the mere. ritisSasniated with an nveslmert. in any cd tre Mctcn Funds A pereapanfe meeker also mug (even. Mers Form P.DV for sedans' detail are teltdel of mono! Ai nlettretiOn n Ihi meeker is current as ic? the date hem« but us subject tO ti tange whoa! nalfee Notenag conbried linen woo be eternal or °naves, o ces5blkee finance! o otter co/essona! ordne, YWINKA not 14,y on the 1, halnation ~tailed herein, and should rely solely on. and mat" read the asprOpriate eetng and related SubeCrebon fretenn telEng to any meobe meatnunt product bee's< trekny any nseSteena detsion, Al CCntent has been crested from sources deemed to t* reiebte. bul si SdbpSd 10 unenntearal ems. omssons ard teanges vCcul note,, and b net ~wanted IY/ Aileen able its -aKtelaey Ce completeness Thee Oxument tray nat e. repcommed rit oriole ot in Wert ,n 'Shy manna, his te8nesconstaayc4 the reopeo! to udepranantly oaken aaaracy an, Cerneklenee. fl yter does :CS Min my duty to noble any nfcrinebon in dab deCiarent ref Subsequent Mugga 0: any land An invostmarc in the Akeon Fonds n'o'ds ~Unto( nsks Nil yperantee or reyaesentmorr is made that me investment program of me Matron Funds we be successful An rweanvint in the Akan puns onoala be °Westin/ SpeCiaSwe ra conning an meteor may ka sane 0, ote i tis or her meaner. Pakt lanaleharde o ro guanarie of ',Asa issues Ste keeping idonwelin has cm beenpm: deC in a fylociary can'-'tit arid it s nil insetted to be. ard should not as considered as, imyyraal :duce The perationane nave tor en funds strewn abate are net et fen and expen68$ -thew [MM. may ne correspond t0 the refs" d the ether funds trial Akeon inanfia05 ult a ern tar strategies dsti deems» in. for borne. the. timina of meter cosh tom, detrent levels at MitnaWirolite In Of imdOnisente-boied fees and inch Sohn moor tarersea (Moot: Um d S'sunkard Nnknrence the estripleo cadet nsnce, results atone vase >libeled by Anan and ha', not been oonnOled fneead r< av:Itito by an wfdeander" eco ur-arriActual hraj rew11$ ocbd Amy raterally The parermsree meats refatt, each hinds felynS as 8 *bee (reeler Nee the returns of a Partcsfr investor). and reflect ~NM% or that funds advisory fen ncerave fenny% and oiconsits An investor thal s mondial The nytel two to manage-rent arm natione toosratecticons bob !cued 'apelyna km.* retarS ~sae A Peon cnarges clithrent management tee ra es lCs delver: classes (i 'seder; and satan or readOes the. advsely And in:frna,* tenalaahOns for some "lab" (e 0. Kamm eml7Chees stafslee :swim" Ps7i7OWS: ens thus the results steam teen -bender advisory loos and mono* mowarlosatioria The results also reflect he tontentreer, et es/moods and ,occon and a fords proyes ra losses from new ,ssvas At ~YAWS may nn be erearckr I, re aboareto loch pinsle -.-vit dor one debited If-faecal poleurrance intomNston fro e pert:ogler fond else contact Nana C.`12.116, 164n; e anon. !nkargalseoncepur corny Tit INKUMATiON PROVIDED IS HISTOBCAL Anil) SWJIA.0 NOT BE TAKEN AS AN ISOCATION CF FITI UBE PERFORMANCE the inforaten ~tents heron has be Obtanee by seasons Snare° to be accurate but Allson males rog *sonte. Pita lee aCCsfecTra codc,.,eleresathedel Companions to Indices Ants, beneves that. 'Scup ea Akeon Funds • v.hch rotitle Akan Grassi, eferraugy. Akan Goal Naha Strategy, Akan Gurgle Kea Strategy lateen Cares Partners Sroategy and Akan Se'ert Series Strategy • are obsolete faun rollicks nit berimmnitted to any index. componsons rooerøin indices are alstun n esalualog the performance et the Altwen Funds Tne MSCI Wok, Index captures large and ma cap repfeterulon owns 23 Overload markets camera Wth 1.8S2 couisteenes the index own spvorinnnty 85% at me free fbatahnted market esseitakSaban n each Worley Itte ICCI AC 'At 'd Captures large Mid nid Cao facture:Bon maws 23 aveOped norkets and 23 eraegng markets townies with 2.491 tonal:clue/its the index posers apposernately e5% cl the abbe/ Mostato nay asulonety set The MSCI AC Asia Index captures arge and reed cap tepteseasten across 3 developed markets cotairies and a ~gap maifnis ca nes in Aso Vet ZE.constauer%. the nit.. covers appeatmetely oh the free Ilcol.a4stited traekteopfnal.an n each county The Akan Funds portbares canton equity lacuna e& and may comae of securrbes awed dy companies ;r, esPesent counties velh vaohng cantalzabcoi and hied income and non-equity tnestrriants inclong sion saes of nuts and :reran bading, and are nee as amen-bed as me season (wan aggegeted) that cony!~ me MSC! Wcod !ndex. ire MSCI AC War: !Sex or the MECI AC Asia Irilex Lorne the woman:. cl toe Alban Furvia. Inc polormance el the MSC' Weal Index 1.1SCl AC 111b04 Index ard MSC' AC Ala Ines Co rot reed the impact of lees or exoenses The 'no I's:dram:me sheen dots inde men the rawnstment Ødetids ard caber eic.cme Any bud'. Canpanson between d pal nr as of Alkece Funds and the MSC Word Index bISCI AC Wood !rides and MSC! Aka Ira. ~Id rot be 4,14d seen as an accurate promote/. of Mae results Onteiro investments and Imestment EnvIlonments Future ,nsesbreesi wit be nude anal aliment erect comeions ard wit riclune diluent antrolo mantes Members of Macon's mentrrert tomn trava changed and any change in tome As a 'es* potential nweelassnoiAd evt assume that theYhdlekahrenbe'enestmenleenkffnuaeaurrreaMe Mr *sift* , herd." CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0087879 CONFIDENTIAL SDNY GM_00234083 EFTA01386262