EFTA Document EFTA01386215

AGP LP 519 Alpha Group Caudal Paul Barrett • Alkeon may use leverage by borrowing on margin or investing in derivative instruments (such as options, swaps and futures) which increases volatility and the adverse impact to which Alkeon's funds may be subject. • Alkeon may purchase and sell options on securities. The sale of options could result in unlimited loss depending on actual price movement in the underlying security. • A fund may not be able to generate cash necessary to satisfy in