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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

WS Ruffer Diversified Return Fund

Frequently asked questions
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What is the WS 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 is the objective of RDRF?

To seek to achieve positive returns in all market conditions over any 12 month period, after all costs and charges have been taken. Underlying this objective is a fundamental philosophy of capital preservation. Capital invested is at risk and there is no guarantee that a positive return will be delivered over any one or a number of 12 month periods.

Who manages the fund?

Ruffer has a single investment strategy and asset allocation. A team of portfolio managers are collectively responsible for implementing this strategy across all our core funds. The lead portfolio managers for the WS Ruffer Diversified Return Fund are Ian Rees and Jasmine Yeo. They are supported by Investment Specialist Gemma Cairns-Smith.

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.

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.

The fund is currently available via these platforms. 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 us.

The fund can also be purchased directly from our authorised corporate director (ACD), Waystone Management (UK) Limited.

Which IA sector does the fund sit in?

Targeted Absolute Return

Why is RDRF in the IA Targeted Absolute Return sector and the WS 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 Waystone Management (UK) 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 % 1.12 0.92

How is the fund priced?

The fund uses a swing pricing policy overseen by Waystone Management (UK) Limited as ACD.

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