Chrysalis NAV drops 13% in Q4 but hopeful on IPOs

Four holdings

Kathleen Gallagher
clock • 3 min read

Chrysalis Investments' troubles continued into the final three months of 2022, as it experienced a further net asset value per share decline of 19.5 pence per share, or 13%, according to its latest trading update.

The £846.1m trust said the majority of the decline was due to the "movement in fair value" of four holdings with foreign exchange movements also adding to the fall. "Much of this was driven by the external valuer and the independent valuation committee's transition towards a more ‘market-based approach', and away from a ‘price of recent investment' approach, given the general market changes and time elapsed since the last funding round for these assets," the update published Wednesday (1 February) said. Chrysalis reduces performance fee In a statement at the end of November, th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week