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: 'Mixed messages' lead to market drops worldwide

Market Movers blog: 'Mixed messages' lead to market drops worldwide

Latest news and analysis

Investment Week
clock 26 March 2026 • 1 min read
Markets 'taken on a wild ride' as investor sentiment swings on US-Iran volatility

Markets 'taken on a wild ride' as investor sentiment swings on US-Iran volatility

Gilts ‘under heavy pressure’

Michael Nelson
clock 23 March 2026 • 4 min read
Friday Briefing: Hold your horses (and your rates)

Friday Briefing: Hold your horses (and your rates)

Friday Briefing

Patrick Brusnahan
clock 23 March 2026 • 3 min read
Trustpilot