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An investment fund backed by Peter Hargreaves has seen profits rebound after a rise in the value of several major US technology stocks.
Blue Whale Capital, in which Hargreaves is one of two partners, posted a profit of £4.1m in the year to March, up from £3.9m.
The profit figure can be split between Hargreaves and his partner Stephen Yiu, founder and manager of Blue Whale.
But with neither man making a profit from the company since its inception, a multimillion-dollar 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 suffered a drop in profits last year as rising inflation and interest rates weighed on its top holdings, which include computer chip giant Nvidia.
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