Disclaimer

The use of this website is subject to the following terms and conditions, together with any additional terms and conditions that apply to individual webpages, documents or other attachments contained within this website and/or which are agreed when you select a location and visitor type on this website (collectively the ‘Terms of Use’). By continuing to use the website, you are agreeing to the Terms of Use.

Ruffer LLP is a limited liability partnership, registered in England and Wales with registration number OC305288. The firm’s registered office is 80 Victoria Street, London SW1E 5JL.

Ruffer AIFM Limited is a limited company, registered in England and Wales with registration number 8813919. The firm’s registered office is 80 Victoria Street, London SW1E 5JL.

Ruffer S.A. is a société anonyme, registered in France with registration number SIREN 844 256 982. The firm is approved by the French Prudential Control and Resolution Authority (ACPR) and regulated by the ACPR and the French Financial Markets Authority.

Ruffer LLC is a US entity and is registered with FINRA as a broker dealer. Ruffer LLC is doing business as Ruffer North America LLC in New York. More information about Ruffer LLC is available at BrokerCheck by FINRA, CRD#322523. 

Ruffer (Channel Islands) Limited is licensed by the Guernsey Financial Services Commission to carry on Controlled Investment Business under The Protection of Investors (Bailiwick of Guernsey) Law, 2020. Registered Number 36054.

Access to this website

When using this website you must comply with all applicable local, national and international laws and regulations including those related to data privacy, international communications and export of technical or personal data. It may be unlawful to access or download the information contained on this website in certain countries and Ruffer and its affiliates disclaim all responsibility if you access or download any information from this website in breach of any law or regulation of the United Kingdom, the country in which you are residing or domiciled or the country from which you access the website.

If you are acting as a financial adviser or intermediary, you agree to access this website only for the purposes for which you are permitted to do so under applicable law.

Information on this website

The information on this website has been obtained from sources which Ruffer believe in good faith to be reliable and accurate at the date of publication, but no warranty of accuracy is given. The information on this website is provided ‘as is’ and ‘as available’. Any opinions expressed are our judgement at the time of writing and are subject to change without notice. By proceeding you agree to the exclusion by Ruffer of any liability in respect of any errors or omissions by Ruffer in connection with this website.

Nothing contained on this website constitutes, and nothing on this website should be construed as, investment advice or a recommendation, offer or solicitation to buy, sell or otherwise transact in any investment or to conduct any investment business including in respect of interests in any of Ruffer’s funds. It is strongly recommended that you seek professional investment advice before making any investment decision.

The information on this website does not take account of any potential investor’s investment objectives, particular needs or financial situation.

The distribution of the information and documentation on this website may be restricted by law in certain countries. This website, and the information and documentation on it, are not addressed to any person resident in the territory of any country or jurisdiction where such distribution would be contrary to local law or regulation. All persons accessing this website should check their local regulations before considering investment.

The contents of this website have been approved for issue in the United Kingdom by Ruffer LLP and/or Ruffer AIFM Limited, which are authorised and regulated by the Financial Conduct Authority. For the purposes of s.21 Financial Services and Markets Act 2000, the whole website has been approved by Ruffer LLP.

The information on this website does not constitute an offer to sell any securities to or for the benefit of any US Person (being any person who is in either of the following two categories: (a) a person included in the definition of ‘US person’ under Rule 902 of Regulation S under the US Securities Act of 1933, as amended, or (b) a person excluded from the definition of a ‘Non-United States person’ as used in the US Commodity Futures Trading Commission Rule 4.7)), or the solicitation of any offer to buy securities on the part of or for the benefit of any US Person. The shares or units in any of the Ruffer Funds have not been, and will not be, registered or available for public distribution in the United States of America.

Ruffer LLP or its affiliates own and retain all intellectual property rights in any text, articles, images, graphics, video, audio or other multimedia content (including podcasts) or other information or material accessible from this website (‘Content’), as well as the selection, arrangement and compilation of Content on this website. Ruffer reserves all such intellectual property rights, whether registered or unregistered, around the world. Nothing in these Terms grants you any legal rights in this website or the Content, other than as necessary for you to access it and use it for your own personal, non-commercial use.

You agree not to

• download, reproduce, modify, capture, transfer, publish, translate, redistribute, license, sell or otherwise exploit for any purpose, adapt, alter or create derivative works of, any Content
• access or search this website by any means other than our publicly supported interfaces
• decompile, decode, disassemble, decrypt, reverse engineer, or otherwise interfere with this website or Content, or disrupt the operation of this website
• use any manual means to copy, collect, data mine or scrape data and Content from this website
• use any automated means (such as software, devices, scripts, crawlers, robots, spiders, botnets or scrapers) to access, use,  copy, collect, data mine, or scrape data and Content from this website
• use any manual or automated means (including those listed above) to retrieve, index, data mine, or in any way reproduce or circumvent the navigational structure or presentation of this website and/or the Content
• use this website or the Content to perform text and data mining or any computational analysis; or to develop any software program, model, algorithm, generative AI tools, machine learning models or related technology (including, but not limited to, using the Content in connection with the development, training or operation of a machine learning or AI system, including any use of the Content for grounding, fine tuning, or training the machine learning or AI system or as part of retrieval-augmented generation)
• adjust, try to circumvent or delete any notices contained on the website or the Content (including any intellectual property notices) and in particular, in any digital rights or other security technology embedded or contained within the website or the Content.

Links to websites operated by third parties are provided for information only and do not constitute any form of advice, endorsement or recommendation of such websites or the material on them.

Ruffer accepts no responsibility for information contained on any other sites which can be accessed by link from this website or for these sites not being available at all times. Ruffer has not reviewed, and will not review or update, such websites or information and any use that you make of such websites and information is at your own risk.

Please note when you click on any external link you will leave this website. You should review the privacy statements of such websites before you provide any personal or confidential information.