Ruffer LLP

Registered investment adviser · London · CRD #309733

Form ADV data as of 2026-09-01

Regulatory assets

$24.87 billion

Total accounts

5,250

Employees

282

Disclosure events

Firm details

Website: https://www.linkedin.com/company/ruffer-llp/
Telephone: 00 44 20 7963 8100
SEC file number: 801-122307
Most recent Form ADV filing: 2026-08-19
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$24.87 billion
Non-discretionary regulatory assets under management	$0
Total regulatory assets under management	$24.87 billion
Discretionary accounts	5,250
Non-discretionary accounts	0
Total accounts	5,250
Regulatory assets under management attributable to non-U.S. persons	$24.66 billion

People

Total employees (excluding clerical)	282
Employees performing investment advisory functions (including research)	35
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	0
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	1

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$209.4 million
Clients for whom a related person has custody	1
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under management

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Commodity pool operator or commodity trading advisor

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends securities for which it serves as underwriter or general partner
Compensates a non-employee for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	4,669	$6.25 billion
Pooled investment vehicles (other than investment companies and BDCs)	20	$13.11 billion
Pension and profit sharing plans (not the participants or government plans)	47	$1.56 billion
Charitable organizations	199	$1.15 billion
Insurance companies	119	$190.5 million
Corporations or other businesses not listed above	196	$2.60 billion