Ruffer launches diversified return fund

The LF Ruffer Diversified Return fund (RDRF) will adopt the same investment approach as Ruffer's existing four core funds, which aim to generate absolute returns with an uncorrelated risk/return profile to the broader markets. The strategy will be managed by investment directors Duncan MacInnes, who will combine his role on the new fund with his role as co-manager of the Ruffer Investment Company, and Ian Rees. Ruffer founder steps back from day-to-day management MacInnes said: "Global financial markets face an uncertain future which creates major challenges for investors. Traditio...