Rathbones and Brewin buy shares in Merian Chrysalis

clock • 1 min read

Rathbones and Brewin Dolphin, two UK-based wealth managers, have announced investments in Merian Chrysalis Investment Trust. A statement published by the London Stock Exchange (LSE) confirmed Rathbones had bought a 7.12% stake, with Brewin Dolphin taking a holding of 5.8%. Merian Global remains the largest shareholder in Merian Chrisalis Investment Trust, with 21% of shares. The new stakes come following Merian Chrysalis doubling its target for fundraising, having already passed the original goal of £100m. A spokesman for Brewin Dolphin said: "We invest in the trust on behalf of...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.