Ruffer LLP

Ruffer was founded in London in 1994 and remains an independent private partnership. It provides discretionary investment management for institutions, pension funds, charities, financial planners, family offices and private clients.

The firm runs a single global, multi-asset investment approach aimed at delivering positive returns across market environments. Portfolios combine growth assets such as equities with protection assets including conventional and index-linked bonds, currencies, derivatives and commodities.

Ruffer is especially associated with capital preservation, unconstrained asset allocation and avoiding dependence on market timing. Its investment process is designed around limiting losses while seeking long-term growth, rather than tracking a conventional benchmark.