Markets Recon

201-500 employees
Investment Management

Ruffer

Ruffer looks after investments for private clients, financial planners, institutions, pension plans and charities, in the UK and internationally.

Our aim is to deliver positive returns, whatever happens in financial markets.

For more information on what we do and how we do it, please visit ruffer.co.uk, or ruffer.fr

Read our latest Ruffer Review
ruffer.co.uk/rufferreview

Ruffer LLP is authorised and regulated by the Financial Conduct Authority in the UK and is registered as an investment adviser with the US Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. © Ruffer LLP 2025.

For US Institutional Investors – Securities offered through Ruffer LLC, Member FINRA. Ruffer LLC is doing business as Ruffer North America LLC in New York.

Ruffer S.A. is authorised by the ACPR and regulated by the ACPR and AMF. Ruffer S.A. 2025.

More information: ruffer.co.uk/disclaimer

Expertise

Investment Management, Private Wealth Management, and Absolute Return investing

Taking credit for protection

20 hours ago

Corporate bond market insurance can provide a broader portfolio hedge

By Ruffer In Fixed Income, Industry, Portfolio Construction

Jul 2025 portfolio update

1 month ago

Fiona Ker, Fund Manager, and Gemma Cairns-Smith, Investment Specialist, share Ruffer’s latest views on global markets, explain how we are positioning portfolios to navigate these dynamics, and outl...

By Ruffer In Industry, Portfolio Construction

A wobbly tariff fence?

2 months ago

US protectionism may not be curbing Chinese exports as much as expected

By Ruffer In Macro, Emerging Markets

Investment Review

2 months ago

July 2025

By Ruffer

Dollar disparities

2 months ago

Moves in the Taiwan dollar may be the canary in the coalmine for its US counterpart

By Ruffer In Emerging Markets, Macro

Trump’s not orange – he’s gold!

4 months ago

Is it time for gold miners to shine?

By Ruffer In Macro, Commodities

Apr 2025 portfolio update

4 months ago

Political and technological upheaval is injecting significant volatility into global markets. We believe this is set to continue as the pervasive faith in US exceptionalism is undermined.

By Ruffer In Portfolio Construction, Macro

Follow the fiscal

5 months ago

Government spending is reinforcing the rotation out of the US

By Ruffer In Macro

Investment Review

5 months ago

April 2025

By Ruffer

Markets Recon, operated by Recon Discovery Limited (Registered in England and Wales, Company No. 14778559). Registered Office: 86-90 Paul Street, London EC2A 4NE.