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
Charles_Lynne

Charles Lynne

Director – Private Wealth and Charities
Joined Ruffer in 2008 and manages investment portfolios for individuals and charities. Previously at Morgan Stanley Investment Management, including a placement in Asia. He holds a first class honours in natural sciences from Durham University and is a Chartered Fellow of the CISI.
Articles by Charles
Jan 2025 portfolio update
Fund Manager Jasmine Yeo and Private Wealth Director Charles Lynne cover the most pressing and important questions from our clients and investors – on markets, the economic outlook and the Ruffer strategy.
Investment Review
January 2025: In his latest Investment Review, Jonathan Ruffer sees parallels between today’s Magnificent Seven and the Nifty Fifty stocks of 1970s America. Pay too much for quality, and you’ve made a bad investment.
MAGA versus the vigilantes
December 2024: Trump’s new administration faces a high-stakes showdown with bond vigilantes, threatening to shake global financial markets, raise borrowing costs and potentially trigger the first US fiscal crisis since the Civil War.
As easy as ABC
November 2024: China’s stocks have massively underperformed the US for decades, but rock-bottom valuations, government stimulus and depressed investor sentiment are creating an opportunity. Sometimes the best investments are when things go from awful to bad.
Your Last Gift
Matthew Hutton’s guide to end-of-life planning addresses crucial but often overlooked aspects of estate planning. Through practical checklists and straightforward advice, the book aims to simplify this complex but necessary process to reduce future stress for loved ones.
Stuck in the middle with EU
October 2024: Declining car production reveals just how exposed German industry is to the new Cold War. The political and economic consequences for the EU will be profound.
Q3 2024 Report
Our latest report focuses on three mainly climate-themed engagements. We also explain why CDP’s Non-Disclosure Campaign can provide invaluable data to help us analyse climate risks and opportunities.
A few good choices
Isaac Newton said, “If I have seen further it is by standing on the shoulder of giants.” At five foot one, my grandmother wasn’t a conventional giant. But she’s helped me see further, and better. And helped me in my own way to make better decisions.
Investment Review
October 2024: For 30 years, Ruffer’s chief concern has been the preservation of clients’ money. In this quarter’s review, Jonathan Ruffer revisits the merits, and measures, of this aspiration in the context of today’s market environment.
A market miscellany
We explore the limitations of AI, the difficulty of assessing probabilities, ways to tackle youth unemployment and the blurring of the line between purchases and investments.
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