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 was founded in London in 1994 and has grown to over $24.9 billion of assets under management.

We provide investment management services for pension plans, endowments and foundations, family offices and other institutions in the United States.

Ruffer has a 31 year track record of protecting our clients’ capital through the dot.com bust, global financial crisis and covid-19 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
The strategy Global macro, absolute return
Performance A 31 year track record, 7.3% (USD) net annualised returns as at 31 March 2026
Investors  $24.9 billion billion under management as at 31 March 2026. Private investor origins, now over 69% institutional investors.
Stewardship Sustainability investing is fundamental to our philosophy and mission. We diligently integrate a diverse spectrum of risk factors into our investment decision-making framework
Offices London, New York, Paris, Edinburgh and Guernsey
Founded 1994
Distribution Ruffer LLC is the distributor for Ruffer LLP, serving as the marketing affiliate to introduce eligible investors to Ruffer LLP in the US

 

Past performance is not a guide to future performance. Regulatory performance disclosure. For US investors: securities offered through Ruffer LLC, Member FINRA. Ruffer LLC is doing business as Ruffer North America LLC in New York. More information about Ruffer LLC: BrokerCheck by FINRA

GET IN TOUCH
Laetitia East
Director – US Institutional | Ruffer LLC registered representative
Joined Ruffer in 2012 after graduating with a degree in modern history from the University of Oxford. She became a member of the CISI in 2014 following completion of the CISI Diploma. Previously an investment manager, Laetitia helped establish Ruffer’s US business in 2019. She is based in Ruffer’s New York office and responsible for Ruffer’s US institutional business development. She holds Series 7 and 63.
Ruffer no image
Chad Kutney
Director – US Institutional | Ruffer LLC registered representative
Joined Ruffer in 2022 with a focus on developing Ruffer’s US Institutional business. Most recently, he was a Director at Winton Group, a leading global investment management firm, serving as a Senior Client Advisor. Chad holds a BA in economics from Rutgers University. He also holds Series 7, 24 and 63.
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
New York
Ruffer LLC
300 Park Avenue
New York NY 10022
Paris
Ruffer S.A.
103 boulevard Haussmann
75008 Paris, France