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Blue Whale fund dumps Meta and Microsoft stakes

Fund manager warns economic slowdown due to tariffs could hit Facebook owner’s revenues
AI concerns: Stephen Yiu, manager of the Blue Whale Growth fund

Blue Whale Growth, the investment fund backed by billionaire Peter Hargreaves, has sold its entire stake in Facebook owner Meta over concerns of a global economic slowdown in the wake of US President Donald Trump’s tariffs.

Stephen Yiu, manager of the fund, told the Financial Times he decided to “exit” Meta just days after Trump’s sweeping tariffs on imports into the US were announced on “liberation day” on April 2.

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