Ruffer Investment Company has appointed Jasmine Yeo (pictured) as co-manager, to work alongside Duncan MacInnes following the departure of Hamish Baillie in July after more than two decades at the boutique.
MacInnes said: “I am delighted with Jasmine’s appointment as co-manager. Jasmine joined Ruffer in 2017 and has quickly become a highly valued member of the team, managing portfolios for a range of clients during her time at Ruffer.
“I am confident her astute and thoughtful approach to investing will help us to continue successfully preserving investors’ capital, whatever happens in financial markets.”
Ruffer Investment Company chair Chris Russell said: “The board is very pleased to welcome Jasmine as part of the Ruffer management team following a rigorous and objective process of selecting an internal candidate.”
According to its latest factsheet, during August, the net asset value of the company rose by 0.4%, compared to the FTSE AllShare benchmark which fell by 1.7%.
See also: Ruffer enters ‘crouch mode’ and slashes equity exposure ahead of ‘dangerous’ H2
