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.
Location
Select your Location
Visitor Type
Select investor type
Select investor type
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
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.
Follow the fiscal
April 2025: Long-awaited shifts in Germany and China are likely to reinforce the equity market rotation away from the US.
Q1 2025 Report
Our latest report introduces our new measure for gauging the long-term sustainability of companies’ business models. We also have the usual round up our stewardship activities during the quarter.
Investment Review
April 2025: Equities are at maximum valuations, investors are at peak investedness, and now a regime change which markets have not yet digested. Jonathan Ruffer asks if this is one of the rare occasions when a market crisis not only foretells but contributes to the economic hardship to come.
The Ruffer Review 2025
The Ruffer Review 2025 offers evaluations of current market and economic conditions, assessments of possible futures and some pertinent lessons from history.
The anti-singularity machine
Optimism about superintelligence is fuelling market behaviour which looks far from intelligent, driving valuations far from the fundamentals. When the correction comes, we expect significant market fallout – and opportunities.
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.
Back to the future (but which one?)
Whilst the impact of AI is likely to be deflationary in the very long term, existing economic imbalances and political realities suggest we will first suffer an era of higher inflation and volatility.
Lessons of a contrarian
Our Chairman reflects on his six decades of investing and shares some of the main lessons he’s learnt.
Cultivating food security
Global food security is under increasing threat from climate change and geopolitical tensions. We assess some of the potential solutions, from emerging technologies and sustainable farming practices.
Read