Peel Hunt has labelled the appointment of Alexander Chartres and Ian Rees as co-managers of the Ruffer Investment Company (RICA) as "frustrating", following a period of management turnover.
In February, senior fund manager and partner at Ruffer Duncan MacInnes unexpectedly left the firm with immediate effect. Ruffer manager Duncan MacInnes leaves firm with immediate effect In the same stock exchange announcement, the board revealed that Chartres and Rees would co-manage the trust alongside Jasmine Yeo. MacInnes and Yeo had been running the portfolio together since former RICA manager Hamish Baillie left the firm in mid 2022. In a Peel Hunt research note, analysts Markuz Jaffe and Anthony Leatham, said that following their first meeting with the reassembled team since ...
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