Peter Hargreaves: Blue Whale will focus on 'land of opportunity'

Bearish on UK economy

Peter Hargreaves, chair of Blue Whale Capital, said the firm will “concentrate on investing in the USA and North America more generally,” in a letter to shareholders today (24 January).

"I believe most UK-based investors are still underweight in America," he wrote. "Currently there is much uncertainty and it seems sensible to seek the large successful companies in the safest economy." Hargreaves said he felt America was "less gloomy" than the rest of the world. He went on to note, the nation is suffering less from workforce shortages; are more protected from energy shortages; and are less likely to feel pain from increasing protectionism across the globe. "America remains the most entrepreneurial economy with a huge array of great businesses," the chair added. ...