RIT Capital Partners half year NAV falls

Investment trust RIT Capital Partners said net asset value fell in the half year to September 30th as some of its defensive hedges under performed in a rising market.

Investment trust RIT Capital Partners said net asset value fell in the half year to September 30th as some of its defensive hedges under performed in a rising market.

NAV per share fell 4.9% to 1,188.1p in the six-month period from 1,249.3p at the end of March. Net assets fell to £1.8bn from £1.9bn six months earlier, representing a decrease of £77.9m.

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