{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets","title":"RIT Capital Partners' Maggie Fanari - why permanent capital is a privilege","html":"","width":"100%","height":180,"duration":3426,"description":"Welcome back to the Alt Goes Mainstream podcast.\nToday’s podcast takes us to the heart of London, where we sat down with Maggie Fanari, the CEO of J Rothschild Capital Management Limited, manager of RIT Capital Partners plc. \nRIT blends a rich heritage with a modern approach to both asset allocation and private markets. \nLord Jacob Rothschild founded Rothschild Investment Trust in 1971. RIT listed on the London Stock Exchange with total assets of £280M. Today, the firm stands tall as one of the UK’s largest investment trusts with over £4.7B of total assets.\nThe firm’s permanent capital and family office heritage have enabled the firm to think long-term, according to Maggie. “Permanent capital is a privilege,” she said.\nMaggie has brought an institutional allocator’s background to RIT. She joined as CEO of RIT from Ontario Teachers’ Pension Plan in 2024, where she was Senior Managing Director, Global Group Head of High Conviction Equities at OTPP, which has a global mandate to invest in public and private companies.\nMaggie and I had a fascinating discussion about how the firm invests across public and private markets, balancing both top-down portfolio construction and bottom-up asset selection. We covered:\nHow RIT has aimed to compound wealth over time.\nWhy top-down portfolio construction and bottom-up asset allocation are equally important.\nHow can investors capture as much growth, limit market volatility, and compound growth over a long period of time?\nHow RIT finds unique and different managers in private markets, which includes some of the top investors in the world.\nWhat market structure changes mean for investing across public and private markets?\nHow to invest when the world order has changed.\nTaking a family office mindset and applying that investment mindset for investors in RIT.\nWhy permanent capital is a privilege.\nHow to be early to a theme rather than chase the trend.\nWhy RIT decided to invest in SpaceX, Anthropic, OpenAI, Databricks, and Epic...","thumbnail_url":"https://img.transistorcdn.com/AFAZ1vkAT92lFJtqt-r0HeFQ55KTdcbJHmgKXaMlAtY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzE5MDA4LzE2MTQ1/Mzk1MDUtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}