Preoccupied with keeping charities safe

An investment approach designed to perform in all weather

At Ruffer, we take on the responsibility for investing a charity’s assets, including managing the risk, and coping with uncertainty. 

Rather than place a charity’s funds on the market rollercoaster, we aim to deliver consistent positive returns.  Our distinctive all–weather approach is designed to perform in all market conditions.

With a focus on capital preservation and prudent growth, we stand as partners with charity trustees, for the long haul.

at a glance
Approach Single approach - multi-asset and without benchmarks 
Philosophy Unchanged since we started in 1994
Returns Long-term returns ahead of cash, inflation and UK equities
Protection Clients protected from the bursting of the dot.com bubble, the credit crisis and the crash in Q1 2020, but please remember past performance is not a guide to future performance
Process Distinctive, clear and repeatable 
Perhaps An attractive alternative to volatile equity markets
ESG Fully integrated into our investment process
who to contact
Christopher_Querée
Christopher Querée
Investment Director
Previously Director at Le Masurier, James & Chinn, now absorbed within the HSBC Group. He spent thirteen years there, with responsibility for offshore private clients, moving to Chiswell Associates in 2001 to focus on charity fund management, before joining Ruffer in 2004 to help develop the firm’s charity business. He holds an MBA from Henley Management College and is co-manager of Ruffer’s Common Investment Fund, the Charity Assets Trust.
Jenny_Renton
Jenny Renton
Investment Director
Joined Ruffer in 2013. After reading politics at Newcastle University, she worked with oil and gas companies on their corporate and financial strategies before joining the fund team at Ingenious Investments. She is a CFA charterholder and co-manager of Ruffer’s Common Investment Fund, the Charity Assets Trust.
In managing assets for so many charities we have an almost unimaginable responsibility. We bear this responsibility with bravery, and very great caution.
Jonathan Ruffer, Chairman
about us
Ruffer is one of the largest charity fund managers in the UK 
£1.5 billion under management, for over 260 charity clients as at 30 June 2020
Managing money for charities large and small
Clients include hospitals, universities and schools, livery companies, religious bodies, community foundations and grant-making endowments
Specialist charity team with seven investment professionals 
Our service 

Ruffer offers a discretionary investment management service – which means trustees delegate investment decision-making to us.

Charities investing with Ruffer can have their own segregated portfolio, or invest via a fund. Segregated portfolios can be tailored to a charity’s requirements – ethical restrictions, for example, or the need to distribute income.

Our fund, the Charity Assets Trust, is designed specifically for UK charities. It follows the core Ruffer strategy, and has a responsible investment policy.

Our service for charity clients includes:

  • Dedicated portfolio managers
  • On hand to answer questions, and attend trustee meetings
  • Online reporting, with daily valuations
  • Full valuation and investment reports every quarter
  • Bespoke information as needed on how the charity’s money is being invested – including environmental, social and governance issues
  • Tax packs and custom reports
Falling profits, a re-energised workforce calling for its rights, a shortage of prosperity to start paying down debts – it all adds up, in our view, to a re-run of Britain and much of Europe in the 1970s.
Jonathan Ruffer, Chairman
For investors, natural capital is no longer purely an environmental concern. It is also a financial one, that should not be ignored.
Alexia Palacios, Analyst, Responsible Investment
I remember my father reporting a note with 11 zeros was worth roughly one cabbage.
Luka Gakic, Investment Director, on hyperinflation
Our charity partners

Ruffer works with a number of bodies to provide support to the charity sector.

We hold and sponsor events, provide training for trustees and share investment thinking with our clients and the broader sector via our partnerships and charity publications.

Our engagement through partnerships helps ensure we truly understand the challenges and opportunities charities are facing. Our main partners are listed below.

We’ve come up with a short guide for trustees to help navigate charity finances through the pandemic.

Falling profits, a re-energised workforce calling for its rights, a shortage of prosperity to start paying down debts – it all adds up, in our view, to a re-run of Britain and much of Europe in the 1970s.
Jonathan Ruffer, Chairman
For investors, natural capital is no longer purely an environmental concern. It is also a financial one, that should not be ignored.
Alexia Palacios, Analyst, Responsible Investment
I remember my father reporting a note with 11 zeros was worth roughly one cabbage.
Luka Gakic, Investment Director, on hyperinflation
London
80 Victoria Street
London SW1E 5JL
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Paris
103 boulevard Haussman
75008 Paris, France