All-weather investing

Seeking good positive returns.

Come rain or shine.

Ruffer provides investment management services for institutions, pension funds, charities, financial planners and individual investors.
Ruffer LLP
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London
80 Victoria Street
London SW1E 5JL
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Paris
103 boulevard Haussmann
75008 Paris, France

Ruffer Diversified Return Fund

Frequently asked questions
EXPAND ALL QUESTIONS
What is the Ruffer Diversified Return Fund (RDRF)?

A different expression of the core Ruffer strategy, offered to external investors through a UCITS fund which trades daily.

What are the objectives of RDRF?

The fund follows the Ruffer investment strategy which has been tried and tested for over 27 years. The fund has a simple aim – consistent positive returns in all market conditions. The fund is designed to protect and grow the value of its assets – avoiding large losses and harnessing the power of compounding over time.

Our approach has successfully navigated three major market crises – the dot.com bust, the global financial crisis and covid-19.

What is the fund's launch date?

15 September 2021

Why are Ruffer launching this fund now?

To make our core investment strategy available to new UK audiences for whom daily liquidity can be key, such as independent financial planners, wealth managers and defined contribution pension schemes.

Who manages the fund?

The Fund Managers are Duncan MacInnes and Ian Rees.

They are supported by Rachel Holdsworth as Fund Specialist.

How is the fund different to existing Ruffer flagship funds?

The fund is a different expression of the same Ruffer strategy. It aims to deliver the same investment outcome in a more liquid manner. The asset allocation of the fund will not differ from the wider Ruffer strategy, but some of the assets used to express the asset allocation will vary from our flagship funds given liquidity requirements.

Are Ruffer going to be launching funds more regularly now?

There are likely to be further new expressions of the Ruffer strategy released in response to demand from new audiences in the future. In all cases they will most likely be designed to address markets which have found it difficult to access our investment strategy, rather than representing a new underlying investment proposition.

Who is the target market for this fund?

The target audience is UK independent financial planners, wealth managers and defined contribution pension schemes for whom daily liquidity is often essential.

Who does this fund provide a solution for?

The Ruffer strategy has broad applicability. Its low correlation and positively skewed return profile makes it a useful diversifier within an overall investment portfolio. It can also be used for those with a particular vulnerability to capital drawdowns.

Where is the fund available?

We are working towards making the fund available on all of the main financial advisor and defined contribution pension platforms particularly those that have been unable to list our existing funds due to daily dealing restrictions.

Click here for a list of current platform availability. If your preferred platform is not listed here, please email the platform’s business development contact to request for RDRF to be added. For any further questions please contact Alexander Bruce at Ruffer abruce@ruffer.co.uk

The fund can also be purchased directly from our authorised corporate director (ACD), Link Fund Solutions Limited.

Which IA sector does the fund sit in?

Targeted Absolute Return

Why is RDRF in the IA Targeted Absolute Return sector and the LF Ruffer Total Return Fund in the IA Mixed Investment 20-60% shares?

Our investment strategy has broad applicability and could fit into multiple categories. Feedback regarding where our investors expect to find our funds (and its comparators) concluded RDRF should sit within the Targeted Absolute Return IA sector.

What is the structure of the fund?

It is a UCITS-compliant structure which sits within the Targeted Absolute Return IA Classification.

Custody is with Bank of New York Mellon and administration with Link Fund Solutions Limited.

Accumulation and income shares will be available, denominated in GBP.

NAV struck at midday with T+3 settlement.

How much does it cost?
Share classes C class I class
Investment minimum £1,000 £50m
AMC % 1.10 0.90
Entry/exit fee % 0 0
OCF % 1.13 0.93

How is the fund priced?

The fund uses a swing pricing policy overseen by Link Fund Solutions Limited as ACD.

How to invest?

Please click here for information on how to invest.

London
80 Victoria Street
London SW1E 5JL
Edinburgh
31 Charlotte Square
Edinburgh EH2 4ET
Paris
103 boulevard Haussmann
75008 Paris, France