Profits fall at Ruffer as funds under management dip

While staff numbers increase

James Baxter-Derrington
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Funds under management fell 1% from £20.8bn to £20.6bn
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Funds under management fell 1% from £20.8bn to £20.6bn

Ruffer has seen a decrease of £200m in its average fee earning funds under management in the year to 31 March, while operating profits have fallen 7.3%.

Funds under management fell 1% from £20.8bn to £20.6bn, while operating profit fell from £132.4m to £122.8m, the firm announced in its annual results. Ruffer ups UK equity exposure as 'storm clouds'...

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