Fund titan Blue Whale dumps Big Tech stocks

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City AM

By Leah Montebello Peter Hargreaves-backed fund Blue Whale has backed out of Big Tech stocks as the sector continues feels the sting of inflationary concerns. Speaking to the Financial Times, Blue Whale fund manager Stephen Yiu said it had recently divested in Amazon, Meta and Alphabet in recent months, marking a major shift away from growth stocks. “The reason we’ve now exited is because they’re being impacted by bigger macro issues, mainly inflation and the squeeze on consumers’ disposable income,” he said. Yiu specifically said that the fund had pulled away from Google’s parent firm Alphabe…

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