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

Just bluster?

Ideas, thoughts and comments
Ruffer
Many investors, sympathetic to the idea that the markets have become unanchored, will nevertheless keep one straw in the punchbowl so as not to look ‘absolutely’ wrong, and the equivocation of ‘not yet’ looks like prudence until it isn’t, in the way that being uninsured gives you more cash in the pocket, until the Gainsborough is nicked.
Jonathan Ruffer, Chairman
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‘Washington, we have a problem’
July 2024: The cost of servicing US national debt is set to swallow an ever-greater share of the public purse over the coming years. To tackle the debt burden, governments are faced with an array of unpalatable choices – with higher inflation an increasingly likely side effect.
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Gravity always wins
Whilst machines are clearly superior at short-term investing, their systematic strategies may create opportunities human investors can exploit over the long term.
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The Adventures of a Capitalist
Mark Twain’s literary career was brilliant and lucrative. Whilst similar success eluded him in business, his literary public admired his ambition, a reflection of the age.
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Ruffer Radio
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Ruffer Radio: Leaving the pack Now Playing
Leaving the pack
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Ugly ducklings
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Survival at 5?
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From the Chairman
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Thinking in Bets
In Thinking in Bets, Annie Duke distils her insights from academia and professional poker into decision-making advice which can lead to improved investment skill.
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Minds over matter
Whilst technology has transformed stock markets over the centuries, they are underpinned by human traits like fear and greed, which remain unaltered. But one key recent change has been to markets’ purpose, and this risks severe instability.
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Q2 2024 Report
This quarter’s report highlights the start of engagements with two gold mining companies and our co-signing of a letter to airlines about their non-CO2 emissions, as well as summarising our activity in a busy voting season.
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The Green Line
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‘Washington, we have a problem’
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Things can only get better?
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Material world
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Out of sight, out of mind
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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