Merian Chrysalis raises £100m amid 'challenging' markets

Half of targetted £200m

Natalie Kenway
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Merian CEO Richard Buxton
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Merian CEO Richard Buxton

The Merian Chrysalis Investment Company - the first trust launch from Richard Buxton's Merian Global Investors - has raised £100m in its initial placing, half the amount it had previously targeted.

In a statement to the stock exchange released this morning (2 November), the company said applications had been made to the main market of the London Stock Exchange and dealing in the trust was expected...

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