UPDATE (Nov 2026): In early 2026, Chrysalis shareholders voted in favour of a three-year wind-down process. The trust has become a self-managed vehicle following the subsequent departure of Richard Watts and Nick Williamson. The trust returned +4.9% in the year to September 2024, +21.5% to September 2025, and -22.0% in the six months to March 2026. CHRY made its first compulsory redemption of £25m (approx 4% of its shares) in September 2026 after selling its stake in Klarna. Its September NAV per share was 133.5p, 0.3% lower than March's 133.9p, although the portfolio has become increasingly c...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
UPDATE (Oct 2026): In September 2026, RIII's board noted upcoming changes to Jupiter's investment team would mean that Matt Cable and Tim Service, its two managers, would depart in early 2027. The trust plans to review its management arrangements as a result of this development. In 2024, RIII returned +8.8% on a capital-only basis versus +5.5% for its benchmark, followed by +2.4% versus +19.8% in 2025, and +4.1% versus +5.3% in the first half of 2026.
Rights and Issues Investment Trust (ticker: RIII) was founded in 1962. It was managed for nearly four decades by Simon Knott before he retired ...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Richard Curling, the manager of the Jupiter Alternative Monthly Income fund. In our conversation we discuss how he uses investment trusts to generate a steady monthly income for his investors and the reasoning behind his largest holdings.
Why the interest in this trust? Many wealth managers use alternative asset investment trusts to construct portfolios for their private clients who are looking f...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
© 2026 Money Makers