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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  • Absolute Return Fund

WS Ruffer Absolute Return Fund

Offers investors a ‘slice of Ruffer’
It has a simple aim – consistent positive returns, regardless of how the financial markets perform.

We try not to lose money in any 12 month period, and to grow the value of our investors’ wealth over the long haul. If we can do this, we should outpace inflation, protecting and increasing the real value of our investors’ income and capital.

Please note the WS Ruffer Absolute Return Fund is a UK domiciled fund and only registered for distribution in the UK.

At a glance
24 Apr 2024
Launch date 31 Jan 2006
Launch price 100.00p
  C class
Accumulation shares 266.29p
Income shares 187.15p
FUND Managers
Steve Russell
Fund Manager
Graduated from the University of Oxford in philosophy, politics and economics and started work as an equity analyst at Confederation Life in 1987, where he became Head of Equities in charge of £5 billion of equity funds. In 1999 he moved to HSBC Investment Bank as Head of UK and European Equity Strategy, joining Ruffer in 2003. He was co-manager of Ruffer’s investment trust from 2004 to 2019 and is currently co-manager of two of Ruffer’s flagship funds. He became a non-executive director of F&C Investment Trust in 2022, having previously been non-executive director of JPMorgan European Investment Trust.
Jos_North
Jos North
Head of UK Institutional & Wholesale
Joined Ruffer in 2012 and now leads Ruffer’s UK institutional business, including UK defined benefit, defined contribution and local government pension schemes, and UK charities. He is a member of the CISI following completion of the CISI diploma and co-manages two of Ruffer’s flagship funds.
ASSET AND CURRENCY ALLOCATION
Asset %
Short-dated bonds 47.4
Cash 10.8
Gold and precious metals exposure 8.4
Long-dated index-linked gilts 7.5
Index-linked gilts 5.6
Credit and derivative strategies -2.1
Commodity exposure 4.8
Consumer discretionary equities 2.6
Energy equities 2.6
Consumer staples equities 2.3
Financials equities 2.3
Other equities 7.8
Currency %
Sterling 79.0
Yen 10.1
US dollar 5.9
Euro 1.6
Other 3.4

Data as at 31 March 2024. Totals may not equal 100 due to rounding

Largest equity holdings
Largest equity holdings (excludes holdings in Ruffer funds) %
BP 2.0
iShares MSCI China A UCITS ETF 1.6
Alibaba Group ADR 1.0
Cigna 0.6
TSMC ADR 0.5

Data as at 31 March 2024

 
HOW TO INVEST
Step 1  Read the key investor information documents (KIIDs) above and the full prospectus
Step 2 If you would like to go ahead and make an investment, please call our partners at Link Fund Solutions on 0345 601 9610
Total Return Fund
Joshua Gunson
Director – UK Wholesale
Joined Ruffer in 2010, working in the Product and Fund Relations teams. He holds a degree in philosophy from the University of Nottingham and an MBA with distinction from Cass Business School, and focuses on building relationships with financial planners and wealth managers throughout the UK.
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