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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: A 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
  • ARated Plus in Apr 2015
  • MRated A in May 2015
  • JRated A in Jun 2015
  • JRated A in Jul 2015
  • ARated A in Aug 2015
  • SRated A in Sep 2015
  • ORated A in Oct 2015
  • NRated A in Nov 2015


Mixed Assets - Absolute Return GBP
over : 31/10/2012 - 31/10/2015

Total Return

Month by Month Performance

Quarterly Performance

to 30/09/2015 Annual Q1 Q2 Q3 Q4
2015 4.8% -0.5% -5.5%
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%

Related News

Ruffer: emerging and commodity fears 'excessively negative'

Managers say they are seeking oversold equity positions

Ruffer: the single biggest threat to investors

The Ruffer team has highlighted the biggest threat to investors as it looks back on a decent year for the investment trust.

Ruffer raises sterling exposure to highest in 'many years'

Ruffer has increased its exposure to sterling assets to the highest level in ‘many years’ at just shy of 80% of assets

Ruffer: what happens when this house of cards comes down?

Global asset markets are moving with a dangerous level of correlation and will ‘fall fast’ if exposed to unforeseen shock

Ruffer duo cut yen as sterling bathes in 'post-election sunshine'

Managers Hamish Baillie and Steve Russell anticipate a positive run for sterling before Brexit worries arrive.

Ruffer buys protection against 'nonsensical' bond yields

The Ruffer team has also taken some equity profit as it becomes increasingly concerned about markets.  

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.

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.