Ruffer is a privately-owned investment management firm. We currently manage over £22.7 billion (as at 31 January 2018) for pension funds, charities, companies and private clients, and employ over 260 people.
Our goal is to deliver consistent positive returns, regardless of how the financial markets perform. We define this through two investment aims not to lose money in any rolling twelve-month period to generate returns meaningfully ahead of the ‘risk-free’ alternative of placing money on deposit Ruffer portfolios are predominantly invested in conventional assets, such as equities, bonds, commodities and currencies; we also will make use of derivatives.
At the heart of our investment approach is an asset allocation which always maintains a balance of growth and protective investments. Protective assets should perform well in a market downturn and defend the portfolio value; those in growth, principally equities, should deliver good returns in favourable market conditions. This blend of offsetting investments reflects the prevailing risks and opportunities that we see in financial markets, rather than any pre-determined allocation. We operate without the constraints of benchmarks that institutional investors have historically been tied to.