History
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. 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."
Read more about this topic: RIT Capital Partners
Famous quotes containing the word history:
“There is a history in all men’s lives,
Figuring the natures of the times deceased,
The which observed, a man may prophesy,
With a near aim, of the main chance of things
As yet not come to life.”
—William Shakespeare (1564–1616)
“A man will not need to study history to find out what is best for his own culture.”
—Henry David Thoreau (1817–1862)
“The history of his present majesty, is a history of unremitting injuries and usurpations ... all of which have in direct object the establishment of an absolute tyranny over these states. To prove this, let facts be submitted to a candid world, for the truth of which we pledge a faith yet unsullied by falsehood.”
—Thomas Jefferson (1743–1826)