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

Investment Review

A quarterly newsletter written by our founder Jonathan Ruffer
Investment Review
October 2019: There’s a childhood game, whose name changes each generation – currently called Jenga. It starts as a wall of wooden bricks, and successive players remove individual pieces until the loser takes one out, and down falls the edifice.
Investment Review
July 2019: When the Governor of the Bank of England speaks, it is always worth listening to, and he is on to something when he writes about market liquidity; he is surely right to flag the dangers of the narrow exit doors in a crowded investment room.
Investment Review
April 2019: ‘Timing is everything’ runs the investment cliché – actually it’s not: being right is better. In any event, spare a thought for the writer of this investment review who has been told that it must be in final form by 27 March.
Investment Review
January 2019: “I thought you chaps at Ruffer said that you’d never lose money for me – what’s gone wrong?”
Investment Review
October 2018: The performance of the portfolios remains becalmed, but it is the unseen currents in the water which will prove more important in vindicating (or otherwise) the stance that we are taking.
Investment Review
July 2018: Our reviews tend to be big pictures or smaller snapshots; this is a ‘big one’, an explanation...
Investment Review
April 2018: The markets have lost their sense of invincibility, but it has not resulted in an up-quarter at Ruffer.
Investment Review
January 2018: Our investment portfolios have returned little in 2017 – but this should not be taken to mean that the portfolios are without risk.
Investment Review
October 2017: Back in the late 1980s, investment strategy seemed to revolve largely around the geographic weightings of equities.
Investment Review
July 2017: Stormy weather can be local, but the interlocking nature of Britain’s travails have wider implications and threaten to upset the investment apple-cart.
Read
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