| Type | Public company |
|---|---|
| Traded as | LSE: RCP |
| Founded | 1961 |
| Founder(s) | Lord Jacob Rothschild |
| Headquarters | London, UK |
| Key people |
|
| Total assets | £ 1,984 million (31 March 2011) |
| Employees | 78 |
| Website | www.ritcap.co.uk |
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.
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, 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.
The company was founded in 1961 on the initiative of Lord Jacob 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. 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).