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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
Jonathan_Ruffer

Jonathan Ruffer

Founder Emeritus
Trained as a barrister and a stockbroker with Myers & Co in 1973 before moving into private client investment management in 1979, with Dunbar Fund Managers. Formerly Chief Investment Officer of Rathbone Bros plc. He established Ruffer Investment Management Limited in 1994, which transferred its investment business to Ruffer LLP in 2004.
Articles by Jonathan
Inside the cult of equities
Equities’ popularity has grown in recent years, especially in the US. Their current status is deserved – but we need to remember some important lessons from financial history.
Remembering the forgotten man
Populism feels alien but is in fact nothing new. We explore three previous populist episodes in the US to help us better understand the implications for Western governments today.
In conversation with Chris Bacon
In this thought‑provoking conversation, Ruffer Chief Executive Chris Bacon discusses the idea of Risk backwards: that comfort, conformity and ‘blanding’ can create the illusion of safety while increasing vulnerability.
Whit’s fur ye’ll no go by ye
A diverse set of skills and experience can help firms to avoid groupthink. Read how training and then working as an opera singer has helped one of our fund managers.
Living in von Neumann’s shadow
John von Neumann made major contributions to the development of atomic weapons and AI. Understanding his thinking about these existential threats is of particular relevance today.
Six mindsets for greatness
Guest contributor Jake Humphrey talks about Game Plan, which uses lessons from his High Performance Podcast to teach young people the secrets behind high achievers’ success.
A market miscellany
China’s investment in higher education and STEM subjects has caused patent applications to skyrocket. It’s all part of Beijing’s plan to overtake the West in innovation.
Takaichi – Japan’s Thatcher, or its Truss?
Mar 2026: Japan’s markets are gaining momentum thanks to political stability, pro-growth fiscal policy and corporate reforms, strengthening investors’ confidence and signalling renewed potential for sustained economic growth.
Webinar: Interactive Investor
Fund Manager Jasmine Yeo joins Victoria Scholar and James Harries of STS Global Income & Growth Trust to assess the outlook for the FTSE 100 and FTSE 250 and whether UK markets could deliver another resilient year.
The price of popularity
Feb 2026: Ahead of the mid-terms, can President Trump raise households’ morale without rocking markets?
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