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:
“The history of all hitherto existing society is the history of class struggles.”
—Karl Marx (1818–1883)
“I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?”
—Ralph Waldo Emerson (1803–1882)
“A people without history
Is not redeemed from time, for history is a pattern
Of timeless moments.”
—T.S. (Thomas Stearns)