All-weather investing

Seeking good positive returns.

Come rain or shine.

Ruffer provides investment management services for institutions, pension funds, charities, financial planners and individual investors.
Ruffer LLP
Select Location
UK
Europe
Australia
US
Asia
Middle East
Channel Islands
Rest of world
Type of investor
Individual investors
Institutional
Charity
Family office
Financial planner
Individual investors
Institutional
Charity
Wholesale
Institutional
Institutional
Institutional
All investors
All investors
London
80 Victoria Street
London SW1E 5JL
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Paris
103 boulevard Haussmann
75008 Paris, France

Our aim?

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

Ruffer

Ruffer provides investment management services for different institutions, including pension funds, family offices, wealth managers, local governments, corporations, investment companies and insurance companies.

Our investment process is different to most. It is designed to protect and then grow the value of our investors’ portfolios – avoiding large losses and harnessing the power of compounding over time.

It’s by putting safety first that we have made good money for our investors. Through boom and bust. For over 26 years.

At a glance
We do One thing – investment management
The strategy  Global, multi-asset, absolute return
So far A 26 year track record, 9.0% net annualised returns
Stewardship Environmental, social and corporate governance (ESG) issues are fully integrated into our process
Investors £23.6 billion under management as at 31 October 2021. Private investor origins, now over 60% institutional investors.
Offices London, Edinburgh, Paris, Hong Kong and Guernsey
Founded 1994
People Over 350 work at Ruffer as at 31 October 2021
Ownership Independent private partnership, an owner-managed firm
We take on the duty of allocating assets and managing risk – with all the responsibility this brings.
Henry Maxey, Chief Investment Officer
We offer
Approach Single approach – multi-asset and unbenchmarked
Philosophy Unchanged since we started in 1994
Returns Long-term returns ahead of cash, inflation and 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
Who to contact
Alex_Lennard
Alex Lennard
Investment Director
Joined Ruffer in 2006 after graduating from Exeter University with an honours degree in economics and finance. He is a member of the Chartered Institute for Securities & Investment. He initially worked as associate for Jonathan Ruffer and now manages institutional investment portfolios. He sits on the senior asset allocation committee and is co–manager of two of Ruffer’s flagship funds. He is also a Non-Executive Director of the JPMorgan European Investment Trust.
David_Benson
David Benson
Investment Director
After graduating from Oxford University, 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.
Tim Gordon
Director - UK Wholesale
Where does Ruffer fit?

We have a distinctive investment style, offering an alternative to volatile equity investment and to traditional active fund management.

Our approach is sometimes categorised as ‘diversified growth’ or ‘dynamic asset allocation’.

Typically, institutional clients use Ruffer in one of three ways

  • as the manager for all of their assets

  • as part of their allocation to uncorrelated alternative assets

  • as part of the growth assets in a strategic asset allocation

Our investment service

Ruffer provides discretionary investment management to institutional clients.

Institutions that invest with Ruffer can have their own segregated portfolio, or invest via a pooled fund.

Segregated portfolios can be tailored to clients’ requirements – to incorporate investment restrictions, for example.

London
80 Victoria Street
London SW1E 5JL
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Paris
103 boulevard Haussmann
75008 Paris, France