Ruffer has closed its European and Japanese funds as the firm looks for greater asset allocation flexibility in its multi-asset range, and moves away from geographic and thematic strategies.
The £293m LF Ruffer Japanese fund and £201m LF Ruffer European fund were part of the firm's specialist range and mainly used as sub-funds for the firm's core multi-asset portfolios, as well as stand-alone vehicles on platforms. It is understood the funds have been liquidated to provide the firm with greater flexibility in its wider multi-asset range, enabling a more direct equity approach and allowing more nimble asset allocation decisions. Ruffer declined to comment. Ruffer ends tumultuous 2022 in positive territory as it continues de-risk mode In the European fund's latest month...
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