Record low equity exposure pays off for Ruffer
Amid ‘toxic cocktail of persistent inflation, central bank hawkishness, recession risk and political uncertainty’
Ruffer
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Ruffer appoints co-manager to replace Hamish Baillie
Jasmine Yeo has been with the company since 2017
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One-year old Ruffer fund bags top rating from Square Mile
Ruffer Diversified Return has attracted £1.3bn in assets since launching last September
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Ruffer doubles down on bearish calls as risk appetite comes roaring back
Investment company continues slicing equities exposure
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Ruffer enters ‘crouch mode’ and slashes equity exposure ahead of ‘dangerous’ H2
‘We do not think this is a good environment to be risking our shareholders’ capital’
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Hamish Baillie leaves Ruffer to ‘pursue new opportunities’
Duncan MacInnes will continue to manage Ruffer Investment Company
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Ruffer trims equities and ups gold exposure to 10%
As it sells down US dollar to fund Australia currency exposure
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January offered brief taste of challenges conventional portfolios face
But Ruffer resisted the urge to add meaningfully to equities during the recent weakness
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Ruffer dials up protection as Fed says inflation not transitory
Equity and credit markets as vulnerable as they have been since the market falls of March 2020
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Ruffer raises less than a quarter of the £170m it was seeking from share issue
Investment trust board remains confident in investment philosophy targeting steady, positive annual returns in all conditions
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Ruffer trust to more than double its 2021 issuance with £170m raise
Jonathan Ruffer halved his stake in the investment trust several weeks ago
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Ruffer sails past FTSE All Share as inflation hedges deliver
Gold, energy companies and inflation-linked bonds push the trust’s shares up 5% in October