Rothschild daughter Hannah joins RIT Capital Partners board
Friday 16 August 2013
Lord Rothschild today appointed his eldest daughter Hannah to the board of his £2 billion investment company RIT Capital Partners.
Hannah Rothschild, 51, is a writer, film-maker and senior editor of Harper’s Bazaar UK.
She is also on the board of several philanthropic trusts and museums including the National Gallery and the family seat Waddesdon Manor.
Her younger brother Nat has recently been embroiled in the controversy over mining group Bumi.
The news came as Rothschild reported that the net asset value of RIT had produced a market-beating total return of 16.9% so far this year. That took the total net asset value above £2 billion for the first time.
RIT’s stunning out-performance came as it bet on US and Japanese equities, bet against US Treasury bonds and juggled its assets to take advantage of the rising dollar against the euro and the yen.
“As recovery still relies so heavily on central bank creation of money, the search for quality has been our main focus,” said Rothschild. “We continue, even so, to research and identify companies and special situations that would benefit from the much-needed transition from growth created by printing money to one of more sustained growth.”
The interim dividend has been maintained at 14p a share.
The shares were up 5p at 1200p.
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