November 2, 2018 / 7:25 AM / 2 months ago

London IPO of Merian fund raises half the intended capital

LONDON, Nov 2 (Reuters) - Merian Chrysalis Investment Company IPO-MER.L, a Merian Global Investors fund, said on Friday it had raised 100 million pounds ($130.11 million) via a listing on the London Stock Exchange - half the amount intended.

“Despite challenging market conditions - following the global sell-off in October, and investors adopting a cautious outlook - we are pleased to have raised 100 million pounds at launch,” the fund’s co-fund manager Richard Watts said in a statement.

Merian Global Investors, formerly Old Mutual Global Investors, is run by veteran investor Richard Buxton. ($1 = 0.7686 pounds) (Reporting by Emma Rumney; editing by Simon Jessop)

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