Chrysalis managers stand by unlisted holdings

According to the quarterly trading update, the trust's shares stood at 163.5p as of 30 June, a 22.8% drop since the end of March. Nevertheless, the trust's managers, Richard Watts and Nick Williamson, were unperturbed by the results, commenting: "We are encouraged that our NAV outturn was in line with the 23% NASDAQ decline in Q2, particularly when our second largest holding, which represented 19% of the portfolio at the beginning of the period, was marked down by almost 80%. "The implied write down for the rest of the portfolio is approximately 8% which reflects strong trading, a pos...