WELCOME TO RUFFER

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

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Ideas, thoughts and comments
Ruffer
Retail investors don’t just join the story; they increasingly set the tone, amplify the plot and sometimes even write the ending.
Gemma Cairns-Smith, Investment Specialist
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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.
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Crude awakenings
The shale revolution transformed US oil and gas output, profoundly altering the global energy balance. If the shale boom is now over, that will have enormous geopolitical and economic consequences.
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Valuing volatility
Oct 2026: Market volatility is low, but the underlying stock movements tell a different story. This month, we explore what falling correlations could mean for investors.
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The Green Line
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Valuing volatility
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Where will the chips fall?
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The golden rule returns
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Grain expectations
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Q3 2026 report
Our latest report explores EU carbon market reform, social disclosure standards, and our engagements with firms navigating the complexity of decarbonisation.
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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.
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Echoes of ’87
Two crises nearly 40 years apart – the first in equities, the second in crypto – display stark similarities. Learning the lessons of these meltdowns could help to build more resilience in both markets.
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Ruffer Radio
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In conversation with Alexander Chartres
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In conversation with Michael Biggs
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In conversation with Chris Bacon
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Ruffer Radio
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