{"id":33463,"date":"2020-12-16T11:21:45","date_gmt":"2020-12-16T09:21:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33463"},"modified":"2025-08-28T13:56:36","modified_gmt":"2025-08-28T10:56:36","slug":"british-ruffer-investment-company-with-27bn-assets-invests-in-bitcoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/british-ruffer-investment-company-with-27bn-assets-invests-in-bitcoin\/","title":{"rendered":"British Ruffer Investment Company with $27bn assets invests in Bitcoin"},"content":{"rendered":"

British investment company Ruffer Investment Company allocated 2.5% of its portfolio to Bitcoin as a hedge against the depreciation of world currencies. This is stated in a communication to shareholders<\/a>.<\/p>\n

<\/p>\n

Ruffer noted that the leading cryptocurrency diversifies investments in gold and inflation-linked bonds. The wording in the statement indicates that the funds were earmarked from a separate fund, but the company did not provide clarification.<\/p>\n

\n

“Our recent addition, thanks to one of the managers at the Ruffer Multi-Strategies Fund, has become Bitcoin,”<\/p>\n<\/blockquote>\n

In deciding to buy the cryptocurrency, the firm was guided by two criteria: not to lose money over the next year and to increase clients’ asset values in the long term.<\/p>\n

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“First and foremost, this is a defensive measure. The Bitcoin stake is currently equivalent to about 2.5% of the portfolio,”<\/p>\n<\/blockquote>\n

The company manages assets worth \u00a320.3 billion (~$27.3 billion at the time of writing). Ruffer’s market capitalisation is \u00a3445.6 million (~$600 million), and net assets total \u00a3461.1 million (~$620 million). This means that roughly $15.5 million was allocated to buying Bitcoin.<\/p>\n

\\\"British<\/p>\n

Source: Ruffer Investment Company Limited<\/a>.<\/p>\n<\/div>\n

Earlier, MassMutual, the U.S.-based insurer with assets of $235 billion under management, invested $100 million in Bitcoin<\/a>.<\/p>\n

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Analysts at JPMorgan Chase & Co. have suggested that pension funds and other large investors may follow the example of the U.S. firm. This could bring Bitcoin up to $600 billion<\/a>.<\/p>\n<\/blockquote>\n

Subscribe to ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

British investment company Ruffer Investment Company allocated 2.5% of its portfolio to Bitcoin as a hedge against the depreciation of world currencies. The move was disclosed in a letter to shareholders.<\/p>\n","protected":false},"author":1,"featured_media":33464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,52,2067],"class_list":["post-33463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-investments","tag-ruffer-investment"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33463"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33463\/revisions"}],"predecessor-version":[{"id":33465,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33463\/revisions\/33465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33464"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}