Illegal Activity
suspicious
Blackmail
none
Date
2016-03-28
Document Type
brochure
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document is a brochure for Alkeon Capital Management, LLC, providing information about its advisory business, fees, investment strategies, and potential conflicts of interest. It outlines the firm's investment approach, risk factors, and brokerage practices, as well as its privacy policy and trade error policy.
Metadata
- Subject
- Brochure of Alkeon Capital Management, LLC
- Sender
- —
- Recipients
- —
- Document ID
- —
- Date
- 2016-03-28
Illegal Activity
- Severity
- suspicious
- Description
- The document describes Alkeon's business practices, including potential conflicts of interest related to fees and brokerage practices. While these practices may not be explicitly illegal, they raise concerns about transparency and fairness to clients.
- Content Type
- first_hand
Relationships 5
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Alkeon Capital Management, LLC | manager, controlling owner and principal portfolio manager | Panayotis "Takis" Sparaggis | Panayotis Sparaggis is the manager, controlling owner and principal portfolio manager of Alkeon. |
| Alkeon | sole member | SilverBay Capital Management, LLC | Alkeon is the sole member of SilverBay Capital Management, LLC. |
| Alkeon Capital Advisers, LLC | owned primarily by | Mr. Sparaggis | Alkeon Capital Advisers, LLC is owned primarily by Mr. Sparaggis. |
| Alkeon Capital Offshore, LLC | owned by | Mr. Sparaggis | Alkeon Capital Offshore, LLC is owned by Mr. Sparaggis. |
| Alkeon | agreement | Institutional Shareholder Services ("ISS") | Alkeon has an agreement with ISS for proxy research and electronic voting. |
Notable Quotes 2
Although Alkeon is a "registered investment adviser," that registration does not imply a certain level of skill or training.
Alkeon's investment objective for all of the funds it manages generally is to achieve capital appreciation by investing primarily in long or short positions of publicly-traded and private companies across sectors globally.
Red Flags 2
- Potential conflicts of interest related to performance-based fees, allocation of investment opportunities, and soft dollar arrangements.
- The fund and not Alkeon is responsible for any trade errors that Alkeon makes for that fund, even when the error hurts the fund, unless (1) the CCO determines otherwise (e.g., if the CCO determines that the error is not within the limitation of liability clause in the governing documents for that fund) or (2) otherwise provided in the governing documents for that fund.
Financial Information
Amounts:$3.566 billion0.125%1.5%0.1667%2%0.104%1.25%0.50%0.75%4%5%0.75%0.1445833%1.75%1%2.5%$1,000,000$100
Transactions:
- Asset-based fee from each fund based on a percentage of that fund's assets under management.
- Annual, semi-annual or quarterly incentive fee/allocation based on the amount of the net realized and unrealized profits attributable to an investor for that period, adjusted for net losses incurred by such investor in prior periods.
- Withdrawal fees
- Redemption fees
- Management fees
- Performance fees
- Brokerage commissions
Legal Compliance
- Incentive fees/-allocations may create an incentive for Alkeon to make more risky and speculative investments than it would otherwise make.
- Alkeon has a conflict of interest because it has an incentive to allocate investment opportunities to the accounts that charge performance-based fees.
- Because Alkeon manages more than one account, there may be conflicts of interest over its time devoted to managing any one account and allocating investment opportunities among all accounts that it manages.
- Alkeon's relationships with brokers that provide soft dollar services influence Alkeon's judgment and create conflicts of interest in allocating brokerage business between firms that provide soft dollar services and firms that do not and in allocating the costs of mixed-use products between their research and non-research uses.
- Alkeon has an incentive to select or recommend a broker based on Alkeon's interest in receiving soft dollar services rather than clients' interest in receiving the most favorable execution.
Raw Analysis JSON
click to expand
Themes
Business dealingsFinancial transactions/money flowLegal matters/litigation
Organizations 47
AGP LPAlpha Group CapitalAlkeon Capital Management, LLCUnited States Securities and Exchange CommissionOppenheimer Asset Management Inc. ("OAM")Oppenheimer Holdings, Inc. ("OPY")ALPRO Funds Management LimitedMS Alkeon UCITs FundFundLogic Alternatives plcCentral Bank of IrelandSALI Fund Management, LLC ("SALI")Alkeon Growth Partners, LPAlkeon Growth Partners II, LPAlkeon Growth PW Partners, LPAlkeon Growth RJ Partners, LPAlkeon Growth Offshore Fund, Ltd.Alkeon Growth Offshore Fund II, Ltd.Alkeon Growth Master Fund, Ltd.Alkeon Select Partners, LPAlkeon Select Offshore Fund, Ltd.Alkeon Select Series SPC Fund, Ltd.Alkeon Asia Growth, LPAlkeon Asia Growth Offshore Fund, Ltd.Alkeon Asia Growth Master Fund, Ltd.Alkeon Capital Partners, LPAlkeon Capital Partners Offshore Fund, Ltd.Alkeon Capital Partners Master Fund, Ltd.Alkeon Global Alpha LPAlkeon Global Alpha Master Fund, L.P.Alkeon Global Alpha Ltd.Advantage Advisers Global Growth, L.L.C.Advantage Advisers Xanthus Fund, LLCAdvantage Advisers Global Growth Ltd.Advantage Advisers Multi-Manager, LLC ("AAMM")Advantage Advisers Management, LLC ("AAM")ALPRO Growth Fund, plc ("ALPRO Growth")Alkeon Insurance Growth Fund Series InterestsSALI MultiSeries Fund, L.P.SALI Fund Partners, LLCSilverBay Capital Management, LLCACAP Strategic FundBluepoint Investment Series TrustBreakwater Group, LLCFINRAAlkeon Capital Advisers, LLCAlkeon Capital Offshore, LLCInstitutional Shareholder Services ("ISS")
Locations 6
New York, NYDelawareIrelandCayman IslandsAsia Pacific regionU.S.
Text Analysis
- Tone
- Informative
- Purpose
- To provide information about the qualifications and business practices of Alkeon Capital Management, LLC.
- Significance
- This document is a brochure outlining Alkeon Capital Management's advisory business, fees, investment strategies, and other relevant information for potential clients.
File Info
- File Name
- EFTA01419618.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:00.313151
- DOJ Source
- View on DOJ