Ruffer trio bemoan 'disappointing' year but prepare to be 'greedy when others are fearful'

Equity exposure caused 'damage'

Laura Dew
clock • 2 min read
Steve Russell, manager of the Ruffer Investment Trust

Steve Russell, manager of the Ruffer Investment Trust

The managers of the Ruffer investment trust called 2018 a 'disappointing and frustrating' year in terms of returns, but are confident the protective investments they have in place will serve them well in 2019.

In a monthly investor report for December, managers Hamish Baillie, Steve Russell and Duncan MacInnes revealed they had cut their equity allocation in 2018 to its lowest level since 2008, to sit at just...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts

Sarah Godfrey of the Edison Group

Trust discounts widen in 2021 as post-Covid euphoria is hit by new variants

Positives and negatives

clock 21 January 2022 • 4 min read
Peel Hunt: Seven alternative trusts for growth

Peel Hunt: Seven alternative trusts for growth

Threshold of a yield below 3%

clock 20 January 2022 • 1 min read
Numis said the US Dollar debt will also act a partial currency hedge

Scottish Mortgages raises $400m through private placement

To maintain appropriate level of gearing

clock 20 January 2022 • 2 min read