Ruffer calls time on European and Japanese funds

Greater asset allocation flexibility

Ruffer has closed its European and Japanese funds as the firm looks for greater asset allocation flexibility in its multi-asset range, and moves away from geographic and thematic strategies.

The £293m LF Ruffer Japanese fund and £201m LF Ruffer European fund were part of the firm's specialist range and mainly used as sub-funds for the firm's core multi-asset portfolios, as well as stand-alone vehicles on platforms. It is understood the funds have been liquidated to provide the firm with greater flexibility in its wider multi-asset range, enabling a more direct equity approach and allowing more nimble asset allocation decisions. Ruffer declined to comment.  Ruffer ends tumultuous 2022 in positive territory as it continues de-risk mode In the European fund's latest month...