Our approach starts with managing the risk of losing money. It is built on a willingness to challenge market certainties.
Our approach enables us to identify assets which offer genuine protection against market stress. By protecting through market downturns, we are able to be outward looking when markets fall and capture opportunities that others cannot.
Our flexible asset allocation leads us to take advantage of growth opportunities throughout the market cycle.
While our track record is strong, it should definitely not be seen as evidence the fund is immune to shocks or unexpected events. During the next market panic, our protective investments may not protect us.
Our investment approach is tried and tested but sometimes can seem a bit dull. We don’t apologise for that.
For example, we never own shares just because they are currently popular. What’s more, when markets are rising strongly, investing with Ruffer can be like riding a tractor on the motorway, plodding in the slow lane. It’s only when the motorway sinks into boggy marshland that a tractor proves to be a wise way to travel.