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
Bertie_Dannatt

Bertie Dannatt

Head of Wholesale
Joined Ruffer as a graduate trainee in 2008, following five years in the British Army. A University of Durham graduate, he qualified as a member of the Chartered Institute for Securities & Investments (CISI) in 2010 and became an Investment Director in 2015.
Articles by Bertie
Annual Stewardship Report
Our 2025 report outlines Ruffer's key stewardship activities and shows how our approach aligns with both the definition and the spirit of stewardship within the code.
Podcast: Merryn Talks Money
Fund Manager Alexander Chartres speaks to Bloomberg’s Merryn Somerset Webb about investing in a world marked by receding US dominance and a more inflation-prone, shock-driven global economy.
Strait lines, narrow choices
Apr 2026: With oil prices soaring, what will the impact on the global economy be? And how will policymakers react? We make the case for a stagflationary shock, but not all economies will be affected equally.
Podcast: Money Makers Investment Trusts
Editor Jonathan Davis speaks to Fund Manager Jasmine Yeo and Charlie Morris, founder of Bytetree Research.
Apr 2026 portfolio update
Fund Manager Fiona Ker and Investment Specialist Gemma Cairns-Smith will discuss the most pressing market themes so far this year, and how the Ruffer strategy is positioned to navigate them
Q1 2026 report
This quarter we turned our stewardship tool on UK homebuilders — and found an industry navigating real pressures, with wide variation in how well prepared companies actually are.
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.
Let them have cake – and circuses!
President Trump faces an affordability paradox, and his attempts to solve it before the mid-terms are likely to cause severe political, economic, market and inflation volatility.
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.
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