Ruffer CIO: Asset management industry today as risky as bank leverage in 2008

QE facilitated transfer of risk

Tom Eckett
clock • 3 min read

Henry Maxey, chief investment officer at Ruffer, has warned the asset management industry is now the epicentre of risk in the financial system, equivalent to the risk posed by the bank leverage during the 2008 Global Financial Crisis (GFC).

To continue reading this article...

Join Investment Week for free

  • 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
member?

Login

More on Markets

Market Movers blog: UK Spring Forecast set for early March 2026

Market Movers blog: UK Spring Forecast set for early March 2026

Latest news and analysis

Investment Week
clock 22 December 2025 • 1 min read
Deep Dive: Investors warned of diversification 'mirage' in 2026

Deep Dive: Investors warned of diversification 'mirage' in 2026

Concentration risk front and centre

Michael Nelson
clock 19 December 2025 • 4 min read
The Big Question: What is your single biggest investment call for 2026? – Part two

The Big Question: What is your single biggest investment call for 2026? – Part two

Ten experts answer

Investment Week
clock 19 December 2025 • 1 min read
Trustpilot