Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Ruffer founder steps down

Ruffer founder steps down

Ruffer co-founder Jane Tufnell is to retire from the wealth firm.

Tufnell (pictured) founded the business in 1994 alongside Jonathan Ruffer and Earl Ferrers. She will step down from Ruffer’s management board and leave the firm at the end of June.

Tufnell has played a pivotal role in the evolution of Ruffer, which now employs 198 people and has offices in London, Edinburgh and Hong Kong.

Results released by the group in December showed assets under management stood at £16.1 billion at the end of 2013, while turnover during its reporting year rose 11% to £146 million. This contributed to a 29% rise in profit.

Jonathan Ruffer paid glowing tribute to Tufnell’s contribution over the last 20 years. ‘The whole character of the firm, which is now its permanent feature, was in a large part set by Jane,’ he said in a statement.

‘Her departure from the business is a moment to realise that firms do not become what they are by chance but through the people who forge them from their earliest years.

This is a poignant moment for me personally and we all owe her a very great deal. All of us wish her much happiness and success in her future endeavours’.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter