Ruffer Investment Share Discussion Threads

[brucie5] 19/1/2021 11:15

Thanks for this links - one of the most insightful commentaries I've read. Maybe we should all now have a portion of our folios in Ruffer?

[jonwig] 19/1/2021 10:48

IC article about Bitcoin says Ruffer Investments took a £550m position in BC in December (less than 3% of assets).

[jonwig] 18/1/2021 17:04

I gather they hold Bitcoin via their Ruffer Multi Strategies Fund, which will do all sorts of clever stuff. I think that fund's performance in 2020 was stellar.

[makinbuks] 18/1/2021 16:54

In terms of rotating the assets I was hoping they might have got out of Bitcoin again while the bubble deflated and held gold/cash or index linked securities in its place. To buy it as a hedge was a brilliant idea, ahead of their time, but a hedge should only rise to the extent that the asset its hedging you against falls (broadly). If it goes further then the market has overeacted and selling temporarily is logical. Happy to be corrected, Im certainly not as clever as them!

[lambeater] 18/1/2021 10:50

Thanks for that jonwig. A very interesting read written by a team with a coherent strategy that I feel fits the times we find ourselves in today. I haven't felt such inspiration from Ruffer since 2008. I had got pretty close to selling this prior to 2020 on account of their lacklustre stock picks. I still think they need a better angle on that! But the real reason why I will continue to invest here is their exposure to non-UK inflation-linked investments, their exposure to Japan, to gold and now bitcoin, as I do suspect, despite been an advocate of interest rates lower for longer than consensus, that inflation will eventually kick in and we will all have to pay the price for kicking that can.

[jonwig] 18/1/2021 07:18

Investment review: https://www.investegate.co.uk/ruffer-investment-co--rica-/rns/investment-manager-s-period-end-review/202101180700079292L/ A fascinating read. Skilful timing and rotation of assets.

[elmfield] 13/1/2021 19:16

Nice tick up in asset value. Nearly 267p

[pvb] 11/1/2021 14:55

...Hope they know what they are doing.

[elmfield] 05/1/2021 22:37

Bitcoin through £25. We must be holding nearer to 5% in Bitcoin now?

[hootza616] 29/12/2020 09:17

Surprised it's not gaining more on BTC rise?

[slicethepie] 27/12/2020 13:52

Great timing on the Bitcoin purchase!

[gb904150] 17/12/2020 15:53

I would think they would just purchase it and store it on a hardware wallet in a safety deposit box along with any other physical valuables they have. Or perhaps use a cold custody service. Nexus Mutual are more about insuring against smart contract losses, especially on Ethereum network. I think it's a great looking project. hxxps://nexusmutual.gitbook.io/docs/welcome/use-cases I did see the founder got hacked recently - through what sounded like a pretty simplistic phish. hTTps://www.coindesk.com/ceo-of-defi-insurer-nexus-mutual-hacked-for-8m-in-nxm-tokens The NXM/WNXM token was down off the back of that but I'm not sure justifiably so.

[slicethepie] 17/12/2020 14:47

Massive fan of Ruffer, the Bitcoin move is very interesting as given their highly conservative approach they must feel confident about the security of their holding, wonder if they insured it ( think nexus mutual do this?)

[hootza616] 16/12/2020 15:26

Can't buy HODL in my ISA

[hootza616] 16/12/2020 15:09

It is also the future.I wonder if you have compared the cost of mining bitcoin with mining gold?Much of the BTC energy is from renewables. In fact Chinese miners only operate during the rainy season.

[hootza616] 16/12/2020 15:06

ARB is my largest holding.Will bag from current price, very undervalued.

[jonwig] 16/12/2020 14:55

GB - a calculation I don't feel competent to follow; but bitcoin mining seems to consume rather a lot of energy! The logical consequence of widespread use (as an alternative currency) would be government taxation of transactions. If it's not a currency, what is it? Like gold, say. I prefer gold because of its physicality. The last RICA statement suggested to me that they are pretty good traders in this "stupid" market and don't intend holding the crypto for very long.

[gb904150] 16/12/2020 14:32

Kind of, if you look at it purely from the energy intensity of POW blockchains. But BTC and the distributed ledger technology (DLT) it introduced to the world paves the way to future transactions that are much faster, more energy efficient and with less friction. Your comment would be a bit like saying 'the internet' is an ecological disaster because of all the server and computing power it uses. But that ignores the trillions of air miles, postage miles and general efficiency that it affords us. So some of it depends on whether you are open to new technology and the opportunities it brings The question is...are you?

[edwardt] 16/12/2020 13:58

bitcoin is an ecological disaster.

[gb904150] 16/12/2020 10:58

Already got some LSE:ARB and some CVE:HODL then?

[hootza616] 16/12/2020 09:14

I'm in here this morning.Adding anything that has exposure to BTC that I can hold in my ISA.

[pvb] 15/12/2020 23:33

Sounds pretty 'racy' to me! ;-)

[elmfield] 15/12/2020 15:32

2,5% exposure to bitcoin,I guess moving with the times.

[apollocreed1] 25/11/2020 01:13

RICA's choice of value/recovery stocks rather than the blue chips that Personal Assets hold is likely to have been very beneficial for their performance over the last few weeks.