RIT Capital Partners

RIT Capital Partners plc
Public company
Traded as LSE: RCP
Founded 1961
Founder Jacob Rothschild, 4th Baron Rothschild
Headquarters London, UK
Key people
Number of employees
 78
Website www.ritcap.co.uk

RIT Capital Partners plc, Rothschild Investment Trust, is a large British investment trust dedicated to investments in quoted securities and quoted special situations. Established in 1961, the company is a list on London Stock Exchange and the FTSE 250 Index. The Chairman is Lord Rothschild.

History

In 1961, the company was founded on the initiative of Jacob Rothschild founded and named "Rothschild Investment Trust".[1] It served the English branch of the family Rothschild for investments outside their bank N M Rothschild & Sons.

In 1980, there was a conflict between Jacob Rothschild and Evelyn de Rothschild, then the head of N M Rothschild & Sons. Evelyn de Rothschild withdrew the money invested in the banking house of Rothschild Investment Trust and forbade the company to continue using the name Rothschild. Jacob Rothschild left the Board of N M Rothschild & Sons and took sole control of the Rothschild Investment Trust, which he renamed "RIT Ltd."

In 1988, Jacob Rothschild transformed RIT Ltd. into a publicly traded investment trust with the name "RIT Capital Partners plc."[2]

Operations

RIT Capital Partners operates internationally and is on long-term growth of its capital oriented. To achieve this goal, the company can be applied at all asset classes to invest. The main focus, however, it acquires shares in publicly traded and privately held companies. The profits are only a small part of an annual dividend paid. The rest is reinvested. RIT Capital Partners has its headquarters in Spencer House, ( St James's, London, England ), one of the last surviving city palaces in London (next door to Bridgewater House, one of the others). Due to the initiative of Lord Jacob Rothschild, in 1985 RIT Capital Partners plc purchased a 96-year lease (with an additional 24-year option) of the house and restored the state rooms and garden to their original appearance.[3]

References

  1. ↑ RIT Capital Partners: great trust, but too popular? Citywire, 2 December 2011
  2. ↑ RIT Capital Partners: How small investors can keep up with the Rothschilds Daily Mail, 10 June 2012
  3. ↑ Spencer House
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