The US is not the only game in town: Maggie Fanari of RIT Capital

RIT Capital Partners is one of the UK’s largest investment trusts with over £4bn in assets under management. Maggie Fanari joined its investment manager, J. Rothschild Capital Management, as CEO in 2024. Her goal is to compound growth for investors without the risk that equity markets carry.  In the episode, Dan Jones and Fanari discuss the structure of the trust, which is split between private assets, listed equities and ‘uncorrelated’ assets, and the trust’s thus-far unsuccessful attempts to narrow the discount on which it trades. Fanari also shares the qualities she looks for when seeking out private assets (one recent addition being Elon Musk’s SpaceX) as well as the recent changes to the trust’s portfolio and her take on the AI market.    Timestamps  00:45 The structure of the trust  02:53 The discount  10:23 RIT’s dividend 11:26 Private assets 18:19 Recent asset allocation changes  22:22 Discerene  25:42 US tech 32:42 European markets 34:11 Asia 34:52 UK equities  35:41 AI 37:38 Overall investment picture Hosted on Acast. See acast.com/privacy for more information.