RIT Capital Partners plc
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| Public company | |
| Traded as | : |
| Founded | 1961 |
| Founder | Jacob Rothschild, 4th Baron Rothschild |
| Headquarters | London, UK |
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Key people
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Number of employees
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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 and the FTSE 250 Index. The Chairman is Lord Rothschild.
In 1961, the company was founded, on the initiative of Jacob Rothschild, to serve the English branch of the family Rothschild for investments outside their bank N M Rothschild & Sons: it was named "Rothschild Investment Trust". 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 & Northern."
In November 1983, Jacob Rothschild merged RIT & Northern into Charterhouse Japhet and took a controlling stake in the combined business which was briefly known as Charterhouse J. Rothschild. Jacob Rothschild then sold the banking business, still known as Charterhouse Japhet, to Royal Bank of Scotland in 1985. In 1988, Jacob Rothschild transformed the remaining investment business into a publicly traded investment trust with the name "RIT Capital Partners plc." In May 2012, RIT Capital Partners, led by Jacob Rothschild, bought a 37% share in Rockefeller Financial Services (David Rockefeller).
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.
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Wikipedia