Ruffer looks after investments for private clients, financial planners, institutions, pension plans and charities, in the UK and internationally. Read our latest Ruffer Review ruffer.co.uk/rufferreview Our aim is to deliver positive returns, whatever happens in financial markets. To invest well, we need to take on risk. With risk comes responsibility. Our preoccupation is with not losing money, rather than charging headlong for growth. It’s by putting safety first that we have made excellent returns for our clients. Through boom and bust. For over 27 years. If we keep doing our job well, we will protect our clients’ capital – and increase its real value substantially. This account is for UK professional investors only. Ruffer LLP is authorised and regulated by the Financial Conduct Authority. © Ruffer LLP 2022 80 Victoria Street, London, SW1E 5JL More information: ruffer.co.uk/disclaimer