he CF Ruffer Pacific Fund aims to generate capital growth by investing primarily in the equity and bond markets of Asia Pacific, including Japan.

The Asian economies are many, varied and dynamic-per capita income varies from little above subsistence to the heights of Japan-and the markets are similarly diverse. To focus stock selection within this array, our fund management methodology employs both macro-economic input and micro analysis. There is no attempt to balance investments across the region or measure against any particular benchmark, rather the aim is to maximise the potential for durable absolute return that the varied and rapidly changing landscape provides while simultaneously limiting the risks. The opportunity throughout the region is so wide that that some markets may simply be ignored for periods, if the risk is perceived as high.