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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

Alexander Chartres

Fund Manager
Joined Ruffer in 2010, graduating from Newcastle University with a first class honours degree in history and politics. He was a manager on Ruffer’s private client team, becoming a long-standing fund manager in our investment team and a Partner in the firm. He is a Fellow of the CISI and has an extensive knowledge of macro economics and geopolitics.
Articles by Alexander
In conversation with Alexander Chartres
Fund Manager Alexander Chartres sits down with Investment Specialist Gemma Cairns-Smith to discuss the challenges facing investors in a more fractured global landscape. They cover the journey to this more multipolar and harder‑edged world order, its new power dynamics, and the renewed importance of real assets. They also discuss the skills investors need to survive in this hard new world.
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.
In conversation with Alexander Chartres
Fund Manager Alexander Chartres sits down with Investment Specialist Gemma Cairns-Smith to discuss the challenges facing investors in a more fractured global landscape. They cover the journey to this more multipolar and harder‑edged world order, its new power dynamics, and the renewed importance of real assets. They also discuss the skills investors need to survive in this hard new world. Read Alexander’s article in The Ruffer Review 2026 ruffer.co.uk/rufferreview
Jan 2026 portfolio update
Fund Managers Fiona Ker and Alexander Chartres discuss our latest thinking on inflation, geopolitics, and equity market risks and opportunities and how the Ruffer strategy is positioned to navigate them.
Apr 2025 portfolio update
Political and technological upheaval is injecting significant volatility into global markets. We believe this is set to continue as the pervasive faith in US exceptionalism is undermined.
Alpha@Omega
We are living through revolutions in geopolitics and economics (think tech). To exploit the resulting opportunities, a further revolution will be needed: in portfolio management. It’s all to play for.
Election 2024
September 2024: As the US presidential race enters its final straight, Dr Tim Smith and Alexander Chartres join Rory McIvor to discuss how investors are weighing up the prospects of a new administration.
Podcast: Merryn Talks Money
Fund Manager Alexander Chartres joins Merryn Somerset Webb and ByteTree CEO Charlie Morris to discuss Bitcoin and gold.
Minds over matter
The power of consciousness in markets is neglected by mainstream economics. But the mind’s ability to shape reality is critical for investors. That’s doubly true today thanks to the proliferation of alien intelligence and rapid changes in world order.
Reality cheques
We explore the intersection of natural risk with geopolitics and financial markets. Natural risk comes in many guises, from pandemic at the acute end of the spectrum to long-term challenges from a changing climate at the other. All matter for investors.
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