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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
Directions | Map +44 (0)20 7963 8100
Paris
Ruffer S.A.
103 boulevard Haussmann
75008 Paris, France
Directions | Map +33 (0)1 88 45 02 54
New York
Ruffer LLC
300 Park Avenue
New York NY 10022
Directions | Map +1 917 947 3003
Edinburgh
Ruffer LLP
31 Charlotte Square
Edinburgh EH2 4ET
Directions | Map +44 (0)131 202 1602
  • Home
  • Statement on slavery

Modern slavery and human trafficking

Introduction and purpose
This statement is made with respect to the obligation of Ruffer LLP and its subsidiaries’ (the ‘Ruffer Group’ or ‘Ruffer’), whether incorporated in the UK or outside it, under section 54(1) of the Modern Slavery Act 2015 (the ‘Act’).

This statement is made for the financial year ending 31 March 2023 and will be reviewed for each subsequent financial year.

The Ruffer Group

Structure and operational activities

Ruffer is a discretionary investment manager for private clients, charities, pension funds and other institutional clients founded in 1994.

Ruffer LLP is a UK limited liability partnership owned and managed by its Partners, and authorised and regulated by the FCA, with offices in London and Edinburgh. It is the parent company of five wholly owned subsidiaries: Ruffer AIFM Limited, Ruffer S.A., Ruffer (Asia) Limited (in Members’ Voluntary Liquidation), Ruffer (Channel Islands) Limited and Ruffer IH Limited. In addition, Ruffer LLP is the ultimate parent of Ruffer LLC. This statement applies to all entities in the Ruffer Group.

Ruffer's supply chain

Ruffer does not tolerate modern slavery and human trafficking, in any form, in its supply chain or its business activities. Ruffer’s supply chain is limited. Ruffer does not produce, manufacture or retail any physical goods and as such has no supply chain related to such activities. It does, however, use routine services for the support of its offices in London, Edinburgh, Paris, Guernsey and New York including cleaning, catering and IT technical support. As part of Ruffer’s ongoing review of third party relationships, all third parties are asked to tell us how they have considered the requirements of the Act as part of regular due diligence.

Working for Ruffer

Ruffer regards itself as a supportive and caring employer, providing a wide range of benefits to its employees. Ruffer ensures the working conditions of its staff meet all the required standards. Additionally, Ruffer promotes the health and wellbeing of its staff, and actively encourages a work-life balance. The firm is accredited as a living wage employer.

Existing policies

Ruffer has a number of policies which it believes to be relevant in the prevention of slavery and human trafficking. These include –

  1. an anti-bribery code of conduct
  2. an anti-money laundering policy and
  3. a whistleblowing policy

The above policies ensure that Ruffer checks the sources of the funds it manages and the clients it takes on to ensure that Ruffer is not used to launder the proceeds of criminal activity, which includes that obtained through human trafficking and the exploitation of slave labour. Additionally, Ruffer encourages its staff to report any malpractice at the earliest possible stage.

Responsible investment

At Ruffer we interpret responsible investment as the incorporation of environmental, social and corporate governance (ESG) considerations throughout our research and investment processes, while behaving as active stewards of our clients’ assets. Our specialist responsible investment team partners closely with the analysts in our research team to identify and evaluate the material risks and impacts to the environment and society that could arise as a result of a company’s operations. The risks associated with weak corporate governance practices are also considered. We recognise that ESG considerations are important drivers of investment performance, representing both sources of value and investment risks. Therefore, incorporating these considerations into our investment approach forms an essential part of our responsibility to our clients. We believe that investing responsibly will lead to better long-term outcomes for our clients. 

Ruffer is a signatory to the Principles for Responsible Investment. To act as responsible stewards of our clients’ assets, we use our professional judgement to determine when to engage and how to vote at shareholder meetings to best protect the economic interest of our clients while being cognisant of the impact on all stakeholders. Ruffer offers clients the possibility of incorporating their values and beliefs into our investment approach. We use a third party ethical screening and research provider who offers a wide range of exclusion criteria to ensure our clients’ preference are met.

The future

This is Ruffer’s seventh statement pursuant to the Act. Ruffer will continue to review and, where appropriate, update it annually. 

Approval

This statement was approved by the Partners of Ruffer LLP.

Chris Bacon, Chief Executive
For and on behalf of Ruffer LLP
Designated Partner

London
Ruffer LLP
80 Victoria Street
London SW1E 5JL
Directions | Map +44 (0)20 7963 8100
Paris
Ruffer S.A.
103 boulevard Haussmann
75008 Paris, France
Directions | Map +33 (0)1 88 45 02 54
New York
Ruffer LLC
300 Park Avenue
New York NY 10022
Directions | Map +1 917 947 3003
Edinburgh
Ruffer LLP
31 Charlotte Square
Edinburgh EH2 4ET
Directions | Map +44 (0)131 202 1602