WELCOME TO RUFFER

All-weather investing

Seeking consistent positive returns.

Come rain or shine.

Ruffer provides investment management services for institutions, pension funds, charities, financial planners and individual investors.
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London
Ruffer LLP
80 Victoria Street
London SW1E 5JL
Paris
Ruffer S.A.
103 boulevard Haussmann
75008 Paris, France
New York
Ruffer LLC
300 Park Avenue
New York NY 10022
Edinburgh
Ruffer LLP
31 Charlotte Square
Edinburgh EH2 4ET

Our aim?

To deliver consistent positive returns
– whatever happens in the financial markets.

Ruffer

Ruffer LLP is a London-based firm founded in 1994, with over $24.9 billion of assets under management.

We provide investment management services to family offices, wealth managers, superannuation funds and endowments and foundations in Australia. 

Over 31 years the Ruffer portfolio has delivered consistent positive returns with a low correlation to equities (and other asset classes).

This success is the result of a disciplined and genuinely different investment philosophy and approach.

At a glance
We do One thing – investment management
The strategy Global, multi-asset, absolute return
So far  A 31 year track record, 8.0% net annualised returns as at 31 March 2026
Protection Positive performance through the dot.com bust, global financial crisis and covid-19 
Stewardship Environmental, social and corporate governance (ESG) issues are integrated into our process
Investors Private investor origins, now over 69% institutional investors worldwide
  Ruffer holds Australian financial services licence number 526358 under the Corporations Act 2001 (Cth) authorising it to provide certain financial services to Wholesale Clients only. Ruffer is not licensed to provide financial services to retail clients in Australia.

 

Past performance is not a guide to future performance. Regulatory performance disclosure


GET IN TOUCH
Piers Wheeler
Director – Institutional
Developing and executing asset management strategy for capital raising and strategic relationship management. Coverage includes EMEA, Asia and Australia. Piers joined Ruffer in 2021, having previously worked with asset management firms including Eastspring, AMP Capital and LEK as a strategic consultant. He holds a MA from the Bayes Business School and a BA (Hons) from the University of Oxford.
Annabel Paterson
Annabel Paterson
Senior Associate – Institutional
Joined Ruffer in 2021, having graduated with a first class honours degree in land economics from the University of Cambridge. After two years working with the UK Private Wealth team and completing her IMC and CFA Level I qualifications, she now supports Ruffer’s global business development and client servicing efforts.
A single investment strategy

Our approach is unchanged since Jonathan Ruffer (Chairman) founded the firm in 1994.

The investment strategy and asset allocation are set by set by Henry Maxey and Neil McLeish, Co-Chief Investment Officers, supported by a team of senior fund managers and research analysts.

All the firm’s resources are focused on delivering this single investment strategy.

ABOUT RUFFER
Offices London, New York, Paris, Edinburgh and Guernsey
Founded 1994
Ownership Independent private partnership, an owner-managed firm
People Over 240 work at Ruffer as at 31 March 2026
The Ruffer Review 2026
At a time of increasing political, economic and market disequilibrium, the Ruffer Review 2026 assesses a broad range of risks – and unearths some underappreciated opportunities.
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In conversation with Chris Bacon
In this thought‑provoking conversation, Ruffer Chief Executive Chris Bacon discusses the idea of Risk backwards: that comfort, conformity and ‘blanding’ can create the illusion of safety while increasing vulnerability.
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Iliads and Odysseys
We have entered a new era, where hard power rules. Safely navigating this New World Disorder will require the agile intelligence of Odysseus.
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London
Ruffer LLP
80 Victoria Street
London SW1E 5JL
Paris
Ruffer S.A.
103 boulevard Haussmann
75008 Paris, France
New York
Ruffer LLC
300 Park Avenue
New York NY 10022
Edinburgh
Ruffer LLP
31 Charlotte Square
Edinburgh EH2 4ET