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Blue Whale’s Stephen Yiu ditches Amazon holding
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A UK-based retail investment fund backed by billionaire Peter Hargreaves has sold its entire stake in Amazon after holding the US online retail giant for four years.
Stephen Yiu, manager of the £1.1bn Blue Whale Growth fund, ditched his holding in December, prompted by concerns over rising competition affecting Amazon’s retail business and the longer-term outlook for its successful cloud based platform, Amazon Web Services.
Yiu,...
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