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Steve Russell

Steve Russell

About Steve Russell

Steve Russell started his career in 1987 as a research analyst at SLC Asset Management where he eventually became the head of equities. In 1999 he moved to HSBC Investment Bank where he was the head of UK and European equity strategy. Steve joined Ruffer in 2003 where he co-manages of CF Ruffer Total Return Fund alongside David Ballance. He has also been a non-executive director of JP Morgan Fleming Continental Investment Trust since 2005.

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Funds Managed
  1. CF Ruffer Total Return

Citywire Rating: + rated


  • SRated A in Sep 2013
  • ORated Plus in Oct 2013
  • NRated Plus in Nov 2013
  • DRated Plus in Dec 2013


  • JRated Plus in Jan 2014
  • FRated Plus in Feb 2014
  • MRated Plus in Mar 2014
  • ARated Plus in Apr 2014
  • MRated Plus in May 2014
  • JRated Plus in Jun 2014
  • JRated Plus in Jul 2014
  • ARated Plus in Aug 2014
  • SRated A in Sep 2014
  • ORated Plus in Oct 2014
  • NRated A in Nov 2014
  • DRated A in Dec 2014


  • JRated A in Jan 2015
  • FRated A in Feb 2015
  • MRated Plus in Mar 2015


Mixed Assets - Absolute Return GBP
over : 28/02/2014 - 28/02/2015

Total Return

Month by Month Performance

Quarterly Performance

to 01/01/2015 Annual Q1 Q2 Q3 Q4
2014 6.0% -0.9% 0.4% 2.4% 4.0%
2013 9.6% 10.1% -1.3% 0.0% 0.9%
2012 2.7% 2.2% -3.3% 1.3% 2.6%
2011 1.2% 0.0% 1.0% -2.0% 2.2%
2010 -0.7% 3.1% 5.3%

Related News

Ruffer: beware the ISA salesman

With the ISA season about the kick off the Ruffer team have sounded a word of caution.

Ruffer: getting allocation right despite being 'technically, very wrong'

Ruffer freely admits its fallibility. So its ironic that the major call the house is ‘technically still very wrong’ about drove its returns in 2014

Ruffer: Japanese equities face perfect storm

Managers Hamish Baillie and Steve Russell warn the full effects of monetary instability are soon be felt.

Ruffer relieved as an 'eccentric year' draws to a close

Falling oil price and a Japanese election have gottent returns back on track for Steve Russell and Hamish Baillie.

Ruffer: Brace yourself for more volatility as risks in bonds & equities grow

Ruffer Investment Company duo expect volatility to re-emerge in coming months.

Ruffer: the Japan love affair didn’t last long, did it?

The managers of the £325 million Ruffer investment trust have highlighted reasons for optimism about Japanese equities, despite wider flight from them.

Trust Insider: should you stick with misfiring Ruffer?

Ruffer is a fund I hold but fair to say it has not recently been one of my most successful investments

Ruffer duo warn on sterling’s strength

The managers of the £317 million Ruffer Investment Trust have argued that the pound’s strength may prove short-lived.

Ruffer: forget new normal, this is old peculiar

The company used the term to justify its 35% allocation to index-linked bonds in the Ruffer Investment Company

Ruffer buys old tech for mini-bubble protection

Hamish Baillie and Steve Russell see more value in the likes of Oracle and IBM than the social media 'upstarts' which have been caught up by the hype of the recent tech 'mini-bubble'.  

Citywire Discovery Source: Citywire Discovery Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in GBP)..Portions of the information contained on this page was derived by Citywire Financial Publishers Ltd using content supplied by Lipper, A Reuters Company.