EFTA01386152.pdf

AGP LP 519 Alpha Group Capital Paul Barrett Sincerely, Alkeon Capital Management Performance data is from another investment vehicle which runs paMpassu to Alkeon Growth Partners, LP (AGP) and follows substantially the same investment strategy (the 'Allston Growth Strategy or 'AGS-) as AGP. The other investment vehicle's performance represents the lengest rack record available lor the Alkeon Growth Strategy with an inception dale 01 JanIlan. 5, 1998 (MSCI data is as of January 1. 1998) and reflects the deduction of the vehicle's actual lees ard expenses during the period shown, including the deduction of a 1% management fee charged lo investors prior lo March 1, 2004, a 1.5% management lee charged to investors beginning Match 1. 2004 and a 1.75% management fee charged to investors beginning July 1, 2011. AGP CalifTentad 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 ti charged similar lees lo AGP. AGP's nei exposure estimates are obtained from the Morgan Stanley Performance Measurement (MSPM) System. FactSet 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 EWEBITDA 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 for 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 (rom the MSPM System. FacilSet provided forward-year EV/B(3170A for securities and indices. EWEBITDA may not be available for each security, and only EWEBITDA 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 lo US investors. e Alkeon UCITS net exposure estimates are obtained from the MSPM System. FactSet provided fonvard-year EV/EBITDA for securities and indices. EWEBITDA may not be available tor each security, and only EWEBITDA numbers that Alkeon believes lobe reasonable, between 0 and 100, wore used in calculations. For further information lease contact: Invonant Noan Ryser,: to the SP.% -SPAM Act no enel may be conedered an raNetsemem Cr solcauron you do rot want to whine further emus from Armen Cacasi Management L1C rAlkeen-i. please rep). to this creed end as* to be ferrehed tram sur mating let Thn claamant n conficental it cannot be forwarded. coped or olherAise cealnlyead •Atiovt. the char wr,!ten consent cr Akeon iraortearon In on massage is foe ailorneannal put:ores ea* and is not an Mr to sal or a madtation cl sew once to lay knurls. Amara creel al be Made CeW through ote ~eke iler na murals to ore of the lends oat Alston ruin". Consisted/him id an neesenent fund managed by At u ta Oblates (the "Akan Funds') ,axard only be ren and a racial sae./ 4 ea noaseern ONnrO ~sonde IS a Pm$Peoaat. careStOf • sel Orn altro the Vonlacam rammar S *Ay ssestad that the psdathare indrav lard Or agethet wa a; or her magnate represtelatn'e hane mead for and mowed at aforratar wlwh wwla eselate to inaskr lor tan the mesa, and he or her irmearnent taxissenbstve) to «taste eie wents and raks of :I potential ~arrant :ru the Minion Funds Tile iddreabon convened herein a anted snd is ral nandetIte provide a tevesentetan of the metta cr rises associated wth an invesImert in any d te Allmon Funds A otospedrre invest," else molar (Ivey. Arkeon's Fenn P.DV let Wears' detail ard conics of roast Ai iricirreann n the message Is current es d the dale l'iereOf but .1auble<ft0 onarge mead navy Ncelbna coisened hatch shall be deemed Of ~Wye, to 00eStAkee *.nano) or Otter cagessana What*. YOU ,I%Qd not Nef on the kinsman contemn herein. and should rely solely on. and wet" read. !he apprOdiate arcing and related Subedaten frater,“ teising to any sceCVc *vestment product next trekny any nevesnert detkon. AI Garnett beta, has been °tasted from sources deemed to t* remba. but ei Subp:d to unintentional ems. omssons and aanges vCcul note,, and • not Aerranted br Aileen ass, its accvacv ca comeletemese This cexument may rag ce ispeciandid m 'mete O. un pert crane*, his tty resconstmty a the minuet! to sdeomdently *ahem Pi a“uottcy and compatenees MPO3P does red Muffle ay duty to meal. any .mfennekon in ti's dOeLreent !Of Sublequent daeles 01 any land An ewestmem in the Akeon Fends ~dyes ~enhances Na patentee or reriesent~ is made that the investment program of the Aaron Funds wit be successful An rwearneat in the Atha!, 'ondt *noble be oamahred SpeCiaawe a la possible Mat an weesen may kita sane oi YI ti ha or her theettecnn Pal PedalranCe rt re guanines, of tutu:, wens The keciping /domain has rot been entitle:: in a Neaciay caaanty, and it a not mertid lo be. and should not be considered as, rrs.ariaal :dare 1 ne peskirmaree resins tor as funds shows aeon are net or fees and expenses Those [nude may 4dICOrreSpood 10 the resells Or the cone foods Viet AMOn ~noes tang amiar strategies due to amen» in. tor barren, betimes; el metier rash fem. daneent Misted MilnaLproort Ian Of imeddrisseCe-beied feel. and each fund's betel tartrate. CalCuantm d Nakamama the ~Leo" peat>,nsece resits atone am, >Waled by Moadi and its,, not ben remand ahneeed u tustet by an ",dfleerde" aco""ent Actual hr-A' results cod tery materially Ile parental-es teais reed each fund's retvhS as 8 she** ['One( Nan the Naas of a Paa<uks, investor). and Meat Sea* of that Funds >dwarf. fees nier'n'e friesaan:aioms and oneness An onus that s charged The impend ;we co ereneweere and wants. toosieincatort bete scum eusensse maw tetra tackua A aeon enlarges dement management tee Mtn to dataverv classes n' "'taint s and ~no or teams it... aovsay and m:enere fun. AICCenda for we,. "lab" (e 0. A:' or emf;Cfraes and vtab.lee pe07am Pa, t0an'S: am Min the results steam reflect bender advisory loos and mosene nosnlearamoris the results also noes ta. orweonane et (Wards and room. and a funds prdes u lasses from new Lswes tik ,r1r.RSaaff. May ed be even ss Cii atinesino tech rdititailrt$ AC4 iron demon Inuorai pe-Itynance ;narrated kY o panctnar fund chew contact AlP', O`12.116-a64r2 01 &flar recCalseoncepaer con). THE INVORMATiON PROVIDED IS HISTCRCAL AND SW3l.e.0 NOT BE :Akan AS AN ISOCATION CF FITIURE PERFORMANCE The infomaler antenna heron has bal ,"plenta er sources P....WM° to be accurat, but Alkeon maiel n0 grantet aC te tne acc: raCTd conVeteresa ?hired Ccanaansons to Mdces Akeon Leaves That. eacrah the Akan Funds • v.t•ch antide Akan Grade Strategy. Akan Gabel kola Strategy, Akecan Chava. Aka Strategy Ammon Garda Partners Sroategy and Akeon Se'ect Series Suategy • are absolute 'Sun rebates nit terimmarked to any index. tunrentens rooernin indices ace esalualing the performance of the Alkero Fords Tne hart Wok, Index captures Orge and ma cap repreter ion owns 23 devetopea markets mantras gaga 1.t.tS2 coubtuents the *lax ow'as >WO.~ 85% of me tree lbat-ad,usted market cdPitatalan n each country Tie MSCI AC Captures large at thermic rearetertatan nods 23 deneped narked and 23 erragna non:easement. Wen 2.491 conalduents the index corers apporaately efols d the obeli Mesteasie eq;:er d.pdtdney set The MSCI AC Asia Index captures '3,r and and cep represent:ten mess 3 fierce-pee markets coraties and a centrang moan centimes in Asa With r -E. conste•Jer%. tre ride. cove's aeproxtrately• el lie free Itatad:asted market eopfnalar• n each county The Moan (ards' t 'ts Ø equity leCtItelget and fray don'ts, df securrb” sewed ay companies. ;ro deevent Ørnes »et, varying carablzatens and freed income and nee/equity imestmenes includng snort sees ce actuates and morgn 'wawa, ann. tre net as aryashed as me seourt,es wan sowegated; that <arsine Ire MSCiWcod roder. the MSCI AC Wald Index or the M92! AC Asia hem unworn palenase cl the Akan Fines Inc ,"Monne el the MSC' Woad Index MSCl AC Wand Index ard MSC. AC Ave Moe> co rot meted the impact ce lea en mamas The son> rearemanne sheer dote eV reflert the racteestmenl d dividends and ether aw.cme Any midi Canpanson bekwen d pen no.. d? Alkeca Funds and re MSC Web inns alSta AC Wend hides and MSC! Asa Ende shauld rat be rolled upon as an accurate endows of Min results threw; brasane is and tenement EnV1101, ~ Future ,mearrieb MI ce made under dreamt economic commons and Mfl melon ~stem sal/Po nowt« Members of »eons ~rent tour nave clanged and mean onainge in Name As* its* ~eel areestassiadd not assume *.ad theY ndl eooeriena oteseTedi ao, n,rhanne ~Wadetomt tel fdth ?stein CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0087718 CONFIDENTIAL SONY GM_00233902 EFTA01386152