Terry Smith and Nick Prepare be careful: there could also be a brand new star fund supervisor on the block.
Stephen Yiu’s Blue Whale Development fund will not be three years outdated, however the supervisor is already being in comparison with the best inventory pickers on the market. And he has not solely joined their ranks, he’s beating them.
Because the launch of the Blue Whale fund on September 2017 it lies seventh out of 168 within the world fairness sector with a return of 69.three per cent, forward of Smith’s Fundsmith Fairness and Prepare’s Lindsell Prepare International Fairness funds.
Yiu’s huge break got here by way of the billionaire Peter Hargreaves, a co-founder of the UK’s largest funding firm, Hargreaves Lansdown, who put £25 million into the Blue Whale fund.