About Ruffer
OUR AIM IS TO DELIVER GOOD POSITIVE RETURNS — WHATEVER HAPPENS IN FINANCIAL MARKETS
To invest well, we need to take on risk. With risk comes great responsibility.
Our preoccupation is with not losing money, rather than charging headlong for growth. It’s by putting safety first that we have made good money for our clients. Through boomand bust. For over 28 years. If we keep doing our job well, we will protect our clients’ capital – and increase its real value substantially.
We believe that investing responsibly will lead to better long-term outcomes for our clients
ESG factors form one part of our fundamental analysis. We have a collaborative research process between the research analysts, members of the responsible investment team, and responsible investment specialists. To fulfil our duty to act as responsible stewards of our clients’ assets, we use our judgement to determine when to engage and how to vote at shareholder meetings to best protect the economic interests of our clients, while remaining cognisant of the impact on all stakeholders. Engagement with the companies we invest in not only gives us an opportunity to deepen our understanding of the business, but also is an effective tool to achieve meaningful change.
Our responsible investment framework
This publication has been prepared on behalf of Ruffer LLP (‘Ruffer’) for information purposes only and is not a solicitation, or an offer, to buy or sell any financial instrument, to participate in any trading strategy or to vote in a specific way. The information contained in this document does not constitute investment advice, investment research or a personal recommendation and should not be used as the basis of any investment decision. This publication reflects Ruffer’s actions in 2023 and opinions at the date of publication only, and the opinions are subject to change without notice.
Information contained in this publication has been compiled from sources believed to be reliable but it has not been independently verified; no representation is made as to its accuracy or completeness, no reliance should be placed on it and no liability is accepted or any loss arising from reliance on it. Nothing herein excludes or restricts any duty or liability to a customer which Ruffer has under the Financial Services and Markets Act 2000 or under the rules of the Financial Conduct Authority.
Ruffer, its affiliates, any of its or their officers, directors or employees and its clients may have a position, or engage in transactions, in any of the financial instruments mentioned herein. Ruffer may do business with companies mentioned in this publication.
Ruffer LLP is a limited liability partnership, registered in England with registration number OC305288. The firm’s principal place of business and registered office is 80 Victoria Street, London SW1E 5JL. This financial promotion is issued by Ruffer LLP, which is authorised and regulated by the Financial Conduct Authority in the UK and is registered as an investment adviser with the US Securities Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. © Ruffer LLP April 2023
For US investors: Ruffer LLC is the distributor for Ruffer LLP, serving as the marketing affiliate to introduce eligible investors to Ruffer LLP. Securities offered through Ruffer LLC, Member FINRA. More information about Ruffer LLC is available at BrokerCheck by FINRA. Any enclosed or attached statements or material is for institutional investor use only and eligible institutions are those defined as Institutional Accounts under FINRA Rules and is not intended to be, nor shall it be construed as legal, tax or investment advice or as an offer, or the solicitation of any offer, to buy or sell any securities.
Any enclosed or attached material is provided for informational purposes only as of the date hereof and is subject to change without notice. Ruffer LLC is generally compensated by Ruffer LLP for finding investors for the respective Ruffer LLP funds it represents. Ruffer LLP is a registered investment adviser advising the respective Ruffer LLP funds, and is responsible for handling investor acceptance. Any information contained herein, including investment returns, valuations, and strategies, has been supplied by the funds to Ruffer LLC and, although believed to be reliable, has not been independently verified and cannot be guaranteed. Ruffer LLC makes no representations or warranties as to the accuracy, validity, or completeness of such information. No representation or assurance is made that any fund will or is likely to achieve its objectives, benchmarks or that any investor will or is likely to achieve a profit or will be able to avoid incurring substantial losses. Past performance is no guarantee or indication of future results.