Investment fund backed by Peter Hargreaves records rebound in profits
An investment fund backed by Peter Hargreaves has recorded a rebound in profits following an upsurge in the value of several major US tech stocks.
Blue Whale Capital, in which Hargreaves is one of two partners, reported a profit of £4.1m for the year to March, up from £3.9m.
The profit figure can be split between Hargreaves and his fellow partner Stephen Yiu, Blue Whale’s founder and manager.
But as neither has taken a profit from the firm since its inception a multi-million payout remains unlikely.
Fighting back: Blue Whale Capital, in which Peter Hargreaves is one of two partners, reported a profit of £4.1m for the year to March, up from £3.9m
The growth marks a welcome rebound for Blue Whale, which last year suffered a fall in profit as higher inflation and interest rates weighed on its main holdings which include computer chip giant Nvidia.
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