Ruffer launches diversified return fund

Firm's first new product for the UK in 10 years

Ruffer LLP has launched a daily liquidity version of its flagship £4bn LF Ruffer Total Return fund, a strategy that has delivered an annualised return of 8.4% since launch.

The LF Ruffer Diversified Return fund (RDRF) will adopt the same investment approach as Ruffer's existing four core funds, which aim to generate absolute returns with an uncorrelated risk/return profile to the broader markets. The strategy will be managed by investment directors Duncan MacInnes, who will combine his role on the new fund with his role as co-manager of the Ruffer Investment Company, and Ian Rees. Ruffer founder steps back from day-to-day management MacInnes said: "Global financial markets face an uncertain future which creates major challenges for investors. Traditio...