Ruffer partner Jon Dye will be appointed as the new co-chief investment officer alongside current co-CIO and chair Henry Maxey, effective 1 October.
Dye has been part of the Ruffer team for 16 years, having joined the firm as head of research to develop the firm’s macro and micro research process, as well as contributing to bottom-up analysis. In 2021, he became head of equities, responsible for “idiosyncratic equity selection”.
Dye said: “I’m looking forward to working hard for clients as co-CIO alongside Henry and our highly talented team, to continue to generate original investment ideas and robust portfolio outcomes.”
Co-CIO and chair Henry Maxey’s role will remain unchanged, and he will continue to oversee portfolio decision-making and the investment team. Dye has been identified as Maxey’s eventual successor, according to the Ruffer team.
Maxey added: “During his [Dye’s] 16 years here, he has demonstrated pre-eminent skill and good judgement across macro analysis, equity research, and portfolio construction.
“It is perfectly fitting that after his latest success running an equity sleeve, he will be combining all his experience to co-lead our investment strategy.”
Meanwhile, Neil McLeish, the current co-CIO, will shift to a new role as head of fixed income, currencies and commodities research, leading the firm’s macro research efforts.
See also: Jonathan Ruffer retires after 30 years with the firm
