Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter