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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
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
Against the odds
Dec 2025: Prediction markets are entering the financial mainstream, offering crowd-sourced forecasts on real world events. But could they end up adding yet more risk to the system?
How Ruffer can protect – and grow – your capital 
With the return of inflation ripping up the asset allocation rule book, investors need a new approach to protect their wealth – while keeping their eyes open to growth opportunities.
Made in China – AI too?
Nov 2025: After years of underperformance compared to US rivals, China’s tech shares are showing signs of life. This month’s chart tracks their comeback, and looks at the themes behind the move
The great British bull case
Oct 2025: With the UK Budget approaching, all eyes are on the deteriorating public finances. But private sector balance sheets are in good shape – and could drive GDP growth.
Oct 2025 portfolio update
Fund Managers Ian Rees and Jasmine Yeo review Ruffer’s year-to-date performance, discuss recent portfolio changes and outline how the portfolio is positioned for the key risks and opportunities ahead.
Q3 2025 Report
In our latest report, we look at two animals at opposite extremes of the food chain and climatic conditions. Both are keystone species – that is, disproportionately important to the health of their entire ecosystem.
Investment Review
October 2025: After fifty years of almost uninterrupted bull markets, Jonathan Ruffer examines whether we’re approaching a turning point.
Jonathan Ruffer announces retirement
“The timing of such a decision is never an easy one, not least because it raises the obvious question – why? Why now? The company is in cracking shape, and that is reason enough.”
Taking credit for protection
Sep 2025: This month’s Green Line explores why investments that gain exposure to credit spreads can be a useful complement to equity market protections.
Jul 2025 portfolio update
Fund Manager Fiona Ker and Investment Specialist Gemma Cairns-Smith share Ruffer’s latest views on global markets, explain how we are positioning portfolios to navigate these dynamics, and outline where we see the greatest risks and opportunities ahead.
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