Ruffer contend that positive absolute returns â
will not be achievable for most long only investors in the coming market cycleâ. To articulate why they believe this, Matt Smith, Partner and Investment Director, explains Rufferâs origins, before describing the investment process, their view of â
the changed investment climateâ, the tools and assets they are using in this environment and how portfolios are positioned.
In describing themselves as âan alternative to alternativesâ, Matt explains how they run a global macro, absolute return strategy, without a benchmark, and how they discuss return expectations with clients and review their returns.
The conversation covers the sticky nature of the inflation they see persisting, the dangers of hidden leverage and why a structural market in bonds and equities may characterise the investment landscape for a while. All this whilst seeking positive returns â
come rain or shineâ
Sign up to our newsletter for more in-depth insights |
 Follow us on LinkedIn |
Connect with Ruffer
 --
DISCLAIMER (RUFFER LLP)
Podcast recorded: November 2022
Ruffer performance to 31 Dec %
2018 -5.8 | 2019 7.0 | 2020 16.7 | 2021 8.2 | 2022 5.7
Source: Ruffer
All mentions of Ruffer performance refer to Rufferâs representative portfolio, which shows the performance of an unconstrained, segregated portfolio of ÂŁ1 million set up in 1995, and follows Rufferâs investment approach.
Past performance is not a guide to future performance. The value of investments and the income derived therefrom can decrease as well as increase and you may not get back the full amount originally invested. Ruffer performance is shown after deduction of all fees and management charges, and on the basis of income being reinvested. The value of overseas investments will be influenced by the rate of exchange. For further information on Rufferâs performance, please see the Performance page on Rufferâs website at
.
The views expressed in this podcast are not intended as an offer or solicitation for the purchase or sale of any investment or financial instrument, including interests in any of Rufferâs funds. The information contained in the podcast is fact based and does not constitute investment research, investment advice or a personal recommendation, and should not be used as the basis for any investment decision. This podcast does not take account of any potential investorâs investment objectives, particular needs or financial situation. This podcast reflects Rufferâs opinions at the date of publication only, the opinions are subject to change without notice and Ruffer shall bear no responsibility for the opinions offered.
Ruffer LLP is authorised and regulated by the Financial Conduct Authority in the UK and is registered as an investment adviser with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.
--
