August 30th, 2017
“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 said in his semi-annual report.
Additionally, Rothschild stated that he believes quantitative easing (QE) programs employed by central banks, such as the Federal Reserve Bank in the U.S. will “come to an end.”
Rothschild was quoted in the report as saying, “The period of monetary accommodation may well be coming to an end.”
Signaling a potential disaster in the making in the United States financial markets, Rothschild reduced the investments RIT Capital Partners has in the U.S. dollar by nearly fifty percent. 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.