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Investec upgrades RIT Capital Partners to 'Hold' one year after 'uninvestable' claim
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investmentweek.co.ukThe firm downgraded RIT Capital Partners to ‘Sell' in March 2023 over concerns of late-stage VC investments pushing up its risk profile and a lack of transparency around its payments to senior employees amid lacklustre returns for investors. Sell-side analysts Alan Brierley and Ben Newell went as far as calling the trust «uninvestable» on cost grounds alone after its VC exposure resulted in a sharp increase in the KID cost. However, in a research note today (10 April), they said the «brutal de-rating» of the trust, which has seen its discount collapse to nearly 30% despite buybacks, ...
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