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...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow