RIT Capital Partners

RIT Capital Partners plc is a major British investment company ("Investment trust" ), listed on the " London Stock Exchange " (ISIN: GB0007366395 ) and the FTSE 250 index is included.

Company Profile

RIT Capital Partners operates internationally and is focused on long -term growth of its capital. To achieve this objective, the Company can basically invest in all asset classes. But main focus acquires shares in listed and privately held companies. The profits will be distributed only to a small extent in the form of an annual dividend. The rest is reinvested.

The Chairman of RIT Capital Partners is Jacob Rothschild, 4th Baron Rothschild. This held December 31, 2013, present a share of 18.15% in the company. More shares are held by members of his family.

RIT Capital Partners is headquartered in Spencer House, one of the last surviving palaces in London.

History

The company was founded in 1961 on the initiative of Rothschild and bore the name of Rothschild Investment Trust. It served the British branch of the Rothschild family for investments outside their bank NM Rothschild & Sons. Under the leadership of Lord Jacob Rothschild, the company 1961-1980 increased its net asset value (" Net Asset Value" ) increase of 3 million British pounds to nearly 100 million British pounds.

In 1980, there was a split between Lord Jacob Rothschild and Evelyn de Rothschild, then head of NM Rothschild & Sons. Since this investment style of Lord Jacob Rothschild was too risky, he pulled back the invested funds of the banking house of Rothschild Investment Trust and forbade the company to continue to use the name Rothschild. Lord Jacob Rothschild withdrew his hand from the bank back and received as compensation the sole control of the Rothschild Investment Trust, which he did. Ltd in RIT renamed.

1988 Lord Jacob Rothschild transformed the company into a publicly traded investment trust with the name " RIT Capital Partners plc. " order. Since then, under the leadership of Lord Jacob Rothschild, the net asset value (" Net Asset Value" ) of the Company of 280.5 million British pounds on a net asset value of 2.146 billion pounds sterling (as of 31 December 2013 ) was increased.

On 30 May 2012, RIT Capital Partners announced in a future strategic cooperation, the adoption of a previously held by Societe Generale Private Banking stake of 37% at Rockefeller Financial Services, Inc., the majority-owned by the family of David Rockefeller parent company of investment and asset management group Rockefeller & Co., Inc. on the purchase price was not disclosed. The alliance was linked by the 76 -year-old Jacob Rothschild and the 96 - year-old David Rockefeller who entertain personal contacts for more than 50 years. RIT Capital Partners Plc gets with the purchase of the long-sought access to the U.S. market.

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