Jacob Rothschild has aggressively minimized his exposure to what he views as a risky U.S. capital market. Rothschild is the founder and chairman of Rit Capital Partners. In the half-year financial report for Rit Capital Partners, Rothschild explained the companies significant exposure reduction to U.S. assets.
Rothschild stated, “We do not believe this is an appropriate time to add to risk. Share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured. ”
Rothschild also gave his opinion that he believes quantitative easing programs employed by central banks, such as the Federal Reserve Bank in the U.S. will no longer be implemented. Rothschild was quoted in the written report as saying, “The period of monetary accommodation may well be coming to an end.”
The British investment banking veteran has significantly reduced the amounts of investment Rit Capital Partners has in the U.S. dollar. On December 31, 2016, Rit Capital Partners reported a 62 percent net value asset investment in U.S. dollars. In the latest report released by Rit Capital Partners on June 30, 2017, the company has a 37 percent net value asset investment in U.S. dollars.