Ruffer IC replaces gold with bitcoin as 'potent insurance policy'

Hedge against monetary and market risks

David Brenchley
Ruffer has replaced some of its gold holding with bitcoin

Ruffer has replaced some of its gold holding with bitcoin

Ruffer Investment Company has added a position in Bitcoin to its portfolio as a "hedge to some of the monetary and market risks" its management team sees in the post-Covid-19 environment.

Ruffer said Bitcoin had been introduced to its portfolio through one it the specialist managers appointed within the Ruffer Multi-Strategies fund. The position accounts for around 2.5% of Ruffer's portfolio....

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