RIT Capital Partners’ chair and third largest shareholder The Rothschild Foundation have increased their stakes amid a recent backlash over the trust’s private holdings and manager payouts.
According to a stock exchange notice today (3 April), chair James Leigh-Pemberton has purchased 5,200 shares at 1,910p each, while Lord Rothschild's Foundation now has 15,390,848 shares with voting rights. Investor demand for the £4.1bn trust has collapsed in recent months, as seen by the nearly unprecedented 21% discount it is currently trading in. The company lost investors more than 20% in share price terms last year. RIT Capital Partners has been buying back shares nearly every day since February. Separately, a source close to the company told Investment Week that every member o...
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