Fund of the week: a manager who protects your cash

The CF Ruffer European fund has proved among the best at preserving its clients' wealth, and is the top-performing fund in the balanced-managed sector over the past three years.

Judging by most fund manager's mission statements, making promises is easier than keeping them. With the motto "clients like making money, but they hate losing it more than they like making it", Ruffer LLP is different. Many of its funds are preserving clients' wealth, even in the downturn.

Among the best is the CF Ruffer European fund, the top-performing fund in the balanced-managed sector over the past three years. It's returned 82.42% over the three years to the end of June. In the 12 months to 16 July, it's returned 6.9% against a 12.7% drop for its balanced-managed peers.

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