Our aim?

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

Ruffer

Ruffer is one of the largest charity investment managers in the UK.

We have £1.0bn under management, for over 200 charity clients as at 31 October 2026.

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
We do One thing – investment management 
The goal Make money for clients. Putting safety first
Stewardship Environmental, social and corporate governance (ESG) issues are integrated into our process
Clients Around 5,200 worldwide. Mainly individuals and families, pension funds and charities
Offices London, New York, Paris, Edinburgh and Guernsey
Founded 1994
People Over 240 work at Ruffer as at 31 October 2026
Assets £17.1 billion under management as at 31 October 2026
Ownership Independent private partnership
GET IN TOUCH
David_Benson
David Benson
Director – Institutional
T +44 (0)20 7963 8204
After graduating from the University of Oxford, he worked at Phillips & Drew Fund Management (1991–1999), predominantly managing UK equity portfolios for pension funds. A consultant for McKinsey & Company from 1999, he joined Deutsche Asset Management in 2004. In 2005, worked as a fund manager at Société Générale, focusing on pooled UK equity and multi–asset portfolios for UK institutions and retail investors. He joined Ruffer in 2010.
Charles_Lynne
Charles Lynne
Director – Private Wealth and Charities
T +44 (0)20 7963 8222
Joined Ruffer in 2008 and manages investment portfolios for individuals and charities. Previously at Morgan Stanley Investment Management, including a placement in Asia. He holds a first class honours in natural sciences from Durham University and is a Chartered Fellow of the CISI.
Articles by Charles
Our approach
How A single strategy across all assets under management
Returns Strong track record of positive returns with low correlation to conventional investment strategies
Protection Positive performance through dot.com bubble, the credit crisis and the crash in Q1 2020 
Process  Distinctive, clear and repeatable 
Perhaps An attractive alternative to volatile equity markets

 

Past performance is not a guide to future performance. Regulatory performance disclosure
Ruffer Review
Inside the cult of equities
Equities’ popularity has grown in recent years, especially in the US. Their current status is deserved – but we need to remember some important lessons from financial history.
14 mins | Ian Rees
Read
Ruffer Review
Living in von Neumann’s shadow
John von Neumann made major contributions to the development of atomic weapons and AI. Understanding his thinking about these existential threats is of particular relevance today.
14 mins | Andrew van Biljon
Read
Green Line
Out of the woods?
Nov 2026: Markets are at a crossroads. We discuss what could follow the current ‘rates shock’ regime and explain how we’re positioning the portfolio for different possible outcomes.
6 mins | Gemma Cairns-Smith
Read
Our charity clients

We manage money for charities, both large and small.

Our clients range from hospitals, universities and schools, livery companies, religious bodies, community foundations and grant-making endowments.

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.

London
Ruffer LLP
80 Victoria Street
London SW1E 5JL
Directions | Map +44 (0)20 7963 8100
Paris
Ruffer S.A.
103 boulevard Haussmann
75008 Paris, France
Directions | Map +33 (0)1 88 45 02 54
New York
Ruffer LLC
300 Park Avenue
New York NY 10022
Directions | Map +1 917 947 3003
Edinburgh
Ruffer LLP
31 Charlotte Square
Edinburgh EH2 4ET
Directions | Map +44 (0)131 202 1602