Chrysalis Investments has reaped the benefits from the rerating of several of its listed holdings in the second quarter of 2023, resulting in a higher net asset value than in the opening quarter period.
The investment trust's NAV grew 5.3% between in the four months to 30 June, settling at 6.84p per share, it said in a stock exchange notice today (31 July). Co-managers Richard Watts and Nick Williamson called this a "pleasing" result, and attributed the NAV surge to several of its listed assets rerating during the first half of the year, which had a positive knock-on effect on the trust's valuations. They also said the company's independent valuation committee, which was appointed this time last year, was "gradually moving away from price of recent investment in some instances", whil...
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