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

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.
Articles by Steve
TINA turning?
February 2019: Rising returns on cash may cause investors to withdraw from riskier assets such as equities and corporate bonds
The tortoise and the hare?
September 2018: Japan retakes title of second-largest stock market from China
Damned if they do… damned if they don’t
June 2018: Wage inflation in the US poses a growing problem for the Fed
Japan: a forgotten market?
March 2018: Japanese shares have risen strongly, but not nearly as much as company profits.