Investment fund backed by Peter Hargreaves records profit recovery
An investment fund backed by Peter Hargreaves has recorded a recovery in profits after a rise in the value of several major US technology shares.
Blue Whale Capital, in which Hargreaves is one of two partners, reported profits of £4.1m for the year to March, up from £3.9m.
The profit figure can be split between Hargreaves and his colleague Stephen Yiu, the founder and manager of Blue Whale.
But since neither has made a profit from the company since its inception, a multi-million payout remains unlikely.
Fighting back: Blue Whale Capital, in which Peter Hargreaves is one of two partners, reported profits of £4.1m for the year to March, up from £3.9m
The growth marks a welcome recovery for Blue Whale, which suffered a profit decline last year as higher inflation and interest rates weighed on its key holdings, including computer chip giant Nvidia.
DIY INVESTMENT PLATFORMS
A.J. Bell
A.J. Bell
Easy investing and ready-made portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free fund trading and investment ideas
interactive investor
interactive investor
Invest for a fixed amount from € 4.99 per month
Sax
Sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account fees
Affiliate links: If you purchase a product, This is Money may earn a commission. These deals have been chosen by our editors because we believe they are worth highlighting. This does not affect our editorial independence.