Ruffer Investment Company (ticker: RICA) is the only investment trust run by Ruffer LLP and it follows the firm's core strategy, looking to deliver positive returns over any given 12-month period. While the investment trust was launched in 2004, the strategy dates back to the mid-90s. Ruffer LLP manages £26bn assets, mostly for institutional investors, with the investment trust accounting for around £1bn. Like Capital Gearing and Personal Assets, which have a similar wealth-preservation focus, Ruffer has been warning about inflationary pressures for many years, putting a large chunk of its po...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
The latest Q and A for premium subscribers is with Hamish Baillie, the manager of the Ruffer Investment Company, a £600m multi-asset investment trust with an absolute return mandate which sits in the Flexible Investment sector. The objective of the trust is to deliver a return that is at least twice the return on cash while aiming never to lose money for investors on any 12-month period. The trust published its interim results this week and was highlighted in the recent review of our newly created defensive investment trust portfolio.
Hamish Baillie Here is a reminder of the background to thi...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
This week's profile features Round Hill Music Royalty (ticker: RHM), one of the two music royalty funds that have joined the London market since 2018. The Q and A is with Hamish Baillie, the manager of the Ruffer Investment Company (ticker: RICA). I will follow up these general notes on the impact of the Russian invasion of Ukraine with a market video.
Ukraine and beyond This has been the week in which the world woke up to the full horror of the Russian invasion of Ukraine and the gravity of the humanitarian and the heightened geopolitical threat which Putin's Russia now poses. The sight of...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
For premium subscribers we do regular interviews with fund managers and analysts about current market conditions and funds and markets (occasionally shares) that we invest in. The latest one is with Hamish Baillie, the manager of the Ruffer Investment Company, a £600m multi-asset investment trust with an absolute return mandate which sits in the Flexible Investment sector. The objective of the trust is to deliver a return that is at least twice the return on cash while aiming never to lose money for investors on any 12-month period.
Hamish Baillie Why take an interest in this trust? Jonathan...
This is a premium article for our subscribers.
Please log in below to read it, or find out how to join the Money Makers Circle.
© 2026 Money Makers