Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration 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
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter