Ruffer Investment Company Limited (LON:RICA) Fund Manager Jasmine Yeo explains why Ruffer’s contrarian approach — putting capital protection ahead of chasing returns, is delivering standout results. In a market climate riddled with geopolitical uncertainty, inflation swings, and the failure of traditional portfolio protections, Yeo shares how the Trust’s use of derivatives, precious metals, and unconstrained asset allocation has helped it sidestep major drawdowns while still achieving equity-like returns.
Key Moments:
- 00:40 – Ruffer’s core objective: capital preservation first
- 01:34 – Outperformance with half the volatility over 30 years
- 02:12 – The two-bucket strategy: growth vs protection
- 04:34 – 2025 performance: near 11% return led by growth assets
- 06:15 – Why we’re in a financial regime change
- 07:41 – The broken bond-equity relationship and new diversification
- 08:53 – Focus areas: unconventional protection and growth in China/UK
- 09:10 – Who should consider investing in Ruffer
Ruffer Investment Company is a British investment trust focused on delivering positive returns in all market conditions. It does this by investing across a wide range of asset classes, including equities, bonds, commodities, derivatives, and precious metals, with a central emphasis on protecting capital from permanent loss.
