RIT Capital Partners
|Traded as||LSE: RCP|
|Founder(s)||Lord Jacob Rothschild|
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 Jacob Rothschild.
The company was founded in 1961 on the initiative of the Hon Jacob Rothschild Lord Rothschild founded and named "Rothschild Investment Trust". 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 the future Lord 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. Lord Rothschild left the Board of N M Rothschild & Sons and concentrated on the management of Rothschild Investment Trust, which he renamed "RIT Ltd." By a series of mergers that company became successively Rit & Northern Plc, Charterhouse J Rothschild Plc and J Rothschild Holdings Plc. In 1988, Lord Rothschild demerged certain assets into a new publicly quoted investment trust, named RIT Capital Partners Plc.RIT Capital Partners: How small investors can keep up with the Rothschilds Daily Mail, 10 June 2012</ref>
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 restored to their original appearance.
- RIT Capital Partners: great trust, but too popular? Citywire, 2 December 2011
- Spencer House