Ruffer Investment Company December 2020 Interim Report
Ruffer Investment Company investment manager’s period end review for the period ended December 31, 2020. Q4 2020 hedge fund letters, conferences and more Ruffer Investment Company posted a NAV return of 13.5% and a Share Price return of 17% for 2020. However, just as importantly, at the peak of the crisis in March we were not losing money. Given the unique blow to the economy and the co-ordinated shock-and-awe global response, it seems fair to conclude that the distribution of possible outcomes from here is wider than it has ever been. This makes a genuinely all-weather portfolio even more imp...