Ruffer hails 'remarkable performance' but issues warning of further volatility

Trust returns 7.1% over 12 months

Ruffer Investment Company has hailed its ‘remarkable performance' amid a rough year in the markets but has warned of further volatility in the coming year.

In its half-year report, the investment trust described 2022 as an ‘annus horribilis', in which most asset classes and managers struggled to deliver a positive total return. Hamish Baillie leaves Ruffer after two decades Despite this, Ruffer achieved a positive net asset value and share price total return over the six months to 31 December of 4.8% and 4.1% respectively, it reported today. The returns for the 12 months to the end of December were 8.1% and 7.1% respectively, putting it comfortably ahead of its all-FTSE benchmark. "The company's performance was a remarkable achieve...