Ruffer Investment Share Discussion Threads

[mwj1959] 15/11/2024 10:08

Latest investment report highlights that they have increased their bet on the Yen. Not working so far as now has retraced around 80% of its late summer rise vs the US$. Not as big a retracement against £ (c.60%).

[mwj1959] 13/11/2024 15:52

NAV down 5% from its early Aug high. Bets that saw the NAV surge (at least in Ruffer terms!) have largely unwound i.e. Yen.

[edwardt] 14/8/2024 11:31

back to old tricks

[grim] 05/8/2024 19:16

Our Day will cuume and we'll have everything

[cousinit] 05/8/2024 13:35

100% Bagpuss. I wouldn't be in the least surprised if the next NAV report showed that it had marched past 300p. Feels like money might well have been left on the table here this morning as Ruffer have been very clear how they are positioned, even if not in terms of the sensitivities to moves in the underlying

[bagpuss67] 05/8/2024 11:32

OK. Fair play. Up now. Their last fund report is an interesting read in the context of todays yen appreciation action

[bagpuss67] 05/8/2024 07:03

How on earth is this down in this market?

[edwardt] 01/8/2024 11:02

Imagine what his salary is if he can write another cheque for that amount! Bonkers

[bpdon] 01/8/2024 07:20

Chief Investment Officer, Henry Maxey, buying another £5M of RICA. I think that will take his total holdings of RICA above Capital Gearings holdings:



Always good to see plenty skin in the game.

[pvb] 06/5/2024 14:04

...Jolly good!

[jellypbean] 06/5/2024 07:35

I am planning to buy RICA one week before the next crash

[lowtrawler] 03/5/2024 12:26

Whole sector is the same: CGT, 4841 end December, 4831 now. PNL, 477 end December , 487 now.

Unless there is a serious crash, it is difficult to see how the sector will win back support.

[mwj1959] 03/5/2024 11:16

NAV hasn't budged YTD...£2.85 at end Dec, £2.84 latest.

[makinbuks] 23/4/2024 17:10

Because it's thesis was Bitcoin was like Gold

[pvb] 23/4/2024 17:05

...Well, it did go into Bitcoin. Briefly! :-)

[jellypbean] 23/4/2024 12:09

It was always going to be very difficult for funds such as these to hold up during the period of rapidly increasing rates.

When making comparisons, they should equally be compared to the kind of long duration bonds that are the stalwart of capital preservation, and which soon to be pensioners get lifestyled into (they have done much better than these). CGT got hit, RICA initially had hedges, but then these got too expensive, so they got hit, PNL had more gold so fared better.

Global markets have only really gone up on the back of a few shares, and if RICA had piled into TSLA and Nvidia it's shareholders would have gone nuts.

[hsfinch] 21/4/2024 15:12

Its an AIM oilie. Howdya think its doing. Great for directors. Not so great for PIs.

[pvb] 20/4/2024 16:30

...How's CHAR doing? ;-)

[hsfinch] 20/4/2024 09:19

Duffer Investment Company...avoid.

[elmfield] 19/4/2024 12:10

Absolutely spot on.

[lowtrawler] 19/4/2024 12:04

elmfield, clearly they have not been a step ahead for some time. In line with all capital preservation funds, they have had a problem by expecting markets to crash and finding they have reached record levels.

If markets were to crash, the "one step ahead" statement may yet have life. Until then, we are left to nurse our wounds.

[elmfield] 19/4/2024 11:57

Question, are we one step ahead now?After all these months!

[pvb] 15/4/2024 19:45

...Who?

Here:

It seems Ruffer is far from alone in this matter.

[edwardt] 15/4/2024 16:57

see they are laying off 10% of staff but not the "investment professionals". not sure why it should not be the other way round!

[makinbuks] 21/3/2024 18:20

Wow, maybe Edward is right. Can't fault his logic though in bagging lithium