Chesnara has released a short Q3 trading update flagging that cash generation has proved resilient during the period despite the fall in equity markets. The volatile investment markets in Q3 led to a loss of £22.4m in the Embedded Value P&L but the Embedded Value at £425.5m or 337p/share was ahead of the £417.2m at 31 Dec 2014 albeit slightly lower than that at 30 June. It is worth highlighting however that a large proportion of the adverse equity market impact will have
