Hargreaves Lansdown co-founder Peter Hargreaves has stepped back into the wealth management scene by becoming a partner in start-up Blue Whale Capital.
Hargreaves (pictured) invested £25m into the new firm, which will be run by former co-manager of the Artemis UK Growth fund Stephen Yiu. Yiu spent five years at Hargreaves Lansdown between 2002 and 2007 before joining New Star Asset Management, where he worked alongside Tim Steer. The pair then moved to Artemis in 2009 to manage the UK Growth fund, but Yiu left to move back to Hong Kong in 2013. The investment in Yiu's new business marks Hargreaves' first major investment since stepping down from the Hargreaves Lansdown board in 2015 after 34 years with the firm. As a result, he...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
