InvestmentsDec 22 2023

Inside the rescue of the £770mn Chrysalis trust

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Inside the rescue of the £770mn Chrysalis trust
The board of the trust recently announced fund managers Richard Watts and Nick Williamson were to leave their employer, Jupiter, and create a new asset management company to run Chrysalis. (Pexels/Alexas Fotos)
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A substantial share sale, reforms of the performance fee and the hire of more analysts are among the changes at the £770mn Chrysalis investment trust, as the board tries to turn the vehicle around ahead of a shareholder vote next year.

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