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Ruffer provides investment management services for institutions, pension funds, charities, financial planners and individual investors.
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London
80 Victoria Street
London SW1E 5JL
Directions | Map +44 (0)20 7963 8100
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Directions | Map +44 (0)131 202 1602
Paris
103 boulevard Haussmann
75008 Paris, France
Directions | Map +33 (0)1 88 45 02 54

Just bluster?

Ideas, thoughts and comments
Ruffer
Our thinking
9 August 2022
The art of bubble spotting
Anyone can be taken in by financial bubbles; that's why they're so dangerous.
Lauren French
10 mins | Ruffer Review
22 July 2022
Inflation: bad for portfolios, good for society?
As inflation has soared to its highest level for 40 years, financial markets have taken fright, with most bond and equity markets down significantly so far in 2022. In fact, the US is now officially in a bear market, and inflation pressures show few signs of fading – quite the contrary.
Ian Rees
3 mins | Market views
8 July 2022
Ruffer round up – Q2 2022
July 2022: Investment Director Duncan MacInnes joins Rory McIvor for a review of the quarter, discussing the scale of wealth destruction across markets and how they see this rippling out into real world behaviour, and looking forward to what could be on the horizon and what that means for investors.
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Duncan MacInnes, Rory McIvor
19 mins | Ruffer Radio
15 July 2022
Swimming naked
July 2022: It is hard to overstate how far free and unlimited central bank liquidity has rewired the financial system. As central bankers extract themselves from the monetary rabbit hole they have burrowed their way into, the damage to traditional portfolios is likely to be considerable. This tightening of monetary policy is happening because inflation has returned – with a vengeance.
Jamie Dannhauser
3 mins | Green Line
ALL ARTICLES
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Ruffer Review
A collection of articles and thoughts from people across the firm. Published annually.
Investment Review
A newsletter written by our founder Jonathan Ruffer. Published quarterly.
Ruffer Radio
A series of podcasts exploring the investment universe and sharing our interpretation of what’s going on.
The Green Line
An interesting chart, plus a short commentary. Published monthly.
Book corner
26 July 2022
Book review – Trillion Dollar Coach
The future of information technology is beyond the comprehension of most. And competition between the companies who want to shape it is fiercer than ever.
Jenny Renton
2 mins | Book Corner
11 July 2022
Book review – The Shock of the Old
At the heart of historical enquiry are two simple questions: ‘What has changed?’ and ‘What has stayed the same?’ For investors, concerned with the future value of assets, these questions can be reframed: ‘What will change?’ and ‘What will stay the same?’
Toby Barklem
4 mins | Book Corner
20 June 2022
Book review – Engage the Enemy More Closely
What's the difference between knowledge and wisdom? The answer is that these two elements need to fuse in a chemical reaction to produce an effective investment strategy – covet wisdom, and you have time on your side; covet knowledge, and you have facts on your side. It is, of course, the luck of the draw as to which one is the winner on Wednesday.
Jonathan Ruffer
5 mins | Book Corner
13 June 2022
Book review – The Profit Paradox
Jan Eeckhout is a research professor; fortunately, he doesn't write like one. Despite the serious subject matter of The Profit Paradox his style is engaging and conversational, and the book is light on its feet and commendably free of jargon.
David Ballance
4 mins | Book Corner
All articles
EDITOR'S CHOICE
Responsible Investment Report
In this quarter’s thought piece, Responsible Investment Manager Peter Lunt and Investment Director Harry Sevier explore the challenges involved with feeding a growing global population. They look at the risks and opportunities in the future of food security, and how these are reflected in Ruffer portfolios. We also include the usual update on our stewardship activities throughout the quarter.
Harry Sevier, Peter Lunt
30 mins | Responsible investment
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Ruffer Radio: Winning by not losing – protection strategies
June 2022: Avoiding major drawdowns in markets is key to outperforming over the long-term. It may sound obvious, but in a world of near universal asset vulnerability, it has seldom been more important to stand resolute against falling markets. In this episode, Lauren French and Andrew van Biljon discuss Ruffer's approach to protecting against tail risks in the market and they lift the lid on some of the more creative strategies in the portfolio today.
Lauren French, Andrew van Biljon, Rory McIvor
20 mins | Ruffer Radio
La la land?
June 2022: Who’d be a central banker today? Once, they were the masters of the universe, bravely slaying the dragon of inflation and slashing interest rates to save the economy in times of peril. Today, they seem powerless to control inflation. Fearful of raising interest rates too far, they issue hollow calls for wage restraint. No wonder Andrew Bailey, Governor of the Bank of England, admitted to MPs recently that “It’s a very, very difficult place for us to be in.”
Steve Russell
6 mins | Green Line
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Crossing the Rubicon
Investors face one of the most complex market environments in history. Simultaneous shifts in the global energy system, geopolitics, demography, technology and much else besides promise a more inflation-prone and volatile world ahead. This brings with it elevated risks, but also potential rewards. Amidst all the uncertainty, this presentation will examine what investors can have conviction about.
Alexander Chartres
34 mins | Webinars
The perils of yesterday’s logic
Increasing inflation volatility represents the greatest challenge to investors for a generation. A new regime and the collapse of the financial market status quo requires us to reimagine portfolios. No longer can we rely on yesterday’s logic.
Henry Maxey
28 mins | Ruffer Review
Annual Stewardship Report
Our 2021 report highlights the depth and breadth of our stewardship activities. Our focus on engaging directly with company management has afforded us a deeper understanding of the companies in which our clients are invested.
Aled Smith, Alexia Palacios
180 mins | Responsible investment
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contact

ruffer@ruffer.co.uk

Ruffer LinkedIn
London
80 Victoria Street
London SW1E 5JL
Directions | Map +44 (0)20 7963 8100
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Directions | Map +44 (0)131 202 1602
Paris
103 boulevard Haussmann
75008 Paris, France
Directions | Map +33 (0)1 88 45 02 54