Hamish Baillie has stepped down both from Ruffer and its investment trust, leaving the firm after two decades in role.
Co-manager of Ruffer investment company Duncan MacInnes will take on lead management of the trust, with Baillie also resigning from his role as partner. There will be no change to the investment strategy as a result of Baillie's departure at the end of July. Ruffer raises £41m in latest share offer Baillie said: "It has been a privilege to be a part of the firm over the last 20 years and to see the company grow while stewarding our investors through some turbulent times in financial markets. "I know I leave with the business in great shape and I will cherish fond memories of the...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
