RIT Capital Partners
Encyclopedia
RIT Capital Partners plc 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 Jacob Rothschild
.
The chairman of RIT Capital Partners, Lord Jacob Rothschild. His share of the company accounted for 18.33%. Further 1.99% was held by his son Nathaniel Philip Rothschild (31 March 2010).
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 restored to their original appearance.
founded and named "Rothschild Investment Trust". It served the English branch of the family Rothschild for investments outside their bank N M Rothschild & Sons
. Under the leadership of Lord Jacob Rothschild, the company's 1961-1980 net asset value increased from 3 million British pounds to nearly 100 million British pounds.
In 1980 there was a conflict between Lord Jacob Rothschild and Evelyn de Rothschild
, then the head of N M Rothschild & Sons. Because the investment way of Lord Jacob Rothschild was too risky, 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. Lord Jacob Rothschild pulled his hand back from N M Rothschild & Sons and received compensation as the sole control of the Rothschild Investment Trust, which he renamed "RIT Ltd.".
In 1988, Lord Jacob Rothschild transformed RIT Ltd. into a publicly traded investment trust with the name "RIT Capital Partners plc." Since then, under Lord Jacob Rothschild, the company's net asset value increased from 280.5 million British pounds to nearly 1,984 million British pounds(31 March 2011).
Investment trust
An Investment trust is a form of collective investment found mostly in the United Kingdom. Investment trusts are closed-end funds and are constituted as public limited companies....
dedicated to investments in quoted securities and quoted special situations. Established in 1961, the company is a list on London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and the FTSE 250 Index
FTSE 250 Index
The FTSE 250 Index is a capitalisation-weighted index consisting of the 101st to the 350th largest companies on the London Stock Exchange. Promotions to and demotions from the index take place quarterly in March, June, September and December...
. The Chairman is Lord Jacob Rothschild
Jacob Rothschild, 4th Baron Rothschild
Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, Bt, OM, GBE, FBA is a British investment banker and a member of the prominent Rothschild family of bankers...
.
Company Profile
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 .The chairman of RIT Capital Partners, Lord Jacob Rothschild. His share of the company accounted for 18.33%. Further 1.99% was held by his son Nathaniel Philip Rothschild (31 March 2010).
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
Bridgewater House
There are a number of buildings called Bridgewater House. These include:*Bridgewater House, Barrow, Cheshire*Bridgewater House, Belton, Lincolnshire*Bridgewater House, Langford, Oxfordshire*Bridgewater House, Manchester...
, 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 restored to their original appearance.
History
The company was founded in 1961 on the initiative of Lord Jacob RothschildJacob Rothschild, 4th Baron Rothschild
Nathaniel Charles Jacob Rothschild, 4th Baron Rothschild, Bt, OM, GBE, FBA is a British investment banker and a member of the prominent Rothschild family of bankers...
founded and named "Rothschild Investment Trust". It served the English branch of the family Rothschild for investments outside their bank N M Rothschild & Sons
N M Rothschild & Sons
N M Rothschild & Sons is a private investment banking company, belonging to the Rothschild family...
. Under the leadership of Lord Jacob Rothschild, the company's 1961-1980 net asset value increased from 3 million British pounds to nearly 100 million British pounds.
In 1980 there was a conflict between Lord Jacob Rothschild and Evelyn de Rothschild
Evelyn Robert de Rothschild
Sir Evelyn Robert Adrian de Rothschild is a British financier, and a member of the Rothschild family.-Early life:The son of Anthony Gustav de Rothschild and Yvonne Cahen d'Anvers , he was named after his uncle Evelyn Achille de Rothschild who was killed in action in World War I...
, then the head of N M Rothschild & Sons. Because the investment way of Lord Jacob Rothschild was too risky, 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. Lord Jacob Rothschild pulled his hand back from N M Rothschild & Sons and received compensation as the sole control of the Rothschild Investment Trust, which he renamed "RIT Ltd.".
In 1988, Lord Jacob Rothschild transformed RIT Ltd. into a publicly traded investment trust with the name "RIT Capital Partners plc." Since then, under Lord Jacob Rothschild, the company's net asset value increased from 280.5 million British pounds to nearly 1,984 million British pounds(31 March 2011).