$97,827.00
-0.96%$3,404.15
2.48%$255.25
-0.42%$652.35
3.13%$1.47
-1.27%$0.43226
4.86%$1.00
0.13%$1.078
3.98%$3,404.09
2.54%$0.212684
3.81%$41.72
-3.08%$6.36
16.67%$0.50916
45.61%$0.00002608
2.50%$4,033.63
3.07%$97,631.00
-0.63%$8.78
32.23%$17.60
7.13%$510.92
4.61%$3,400.31
2.47%$3.45
-3.16%$0.00002055
-0.08%$8.61
1.38%$6.23
0.82%$99.66
7.70%$12.77
2.84%$10.77
10.00%$3,581.19
3.10%$0.153174
2.79%$0.201671
6.47%$11.43
2.01%$0.999817
0.98%$0.574749
17.10%$29.84
5.08%$7.70
1.30%$0.154633
1.16%$524.68
2.92%$1.003
0.09%$1.43
11.60%$0.00004782
-3.16%$24.78
0.63%$0.862163
7.44%$0.04230054
18.89%$3.67
-5.41%$3.28
2.34%$5.41
10.13%$8.30
10.92%$2.07
1.61%$51.16
10.62%$7.13
25.11%$161.82
-0.29%$0.870737
1.53%$2.22
1.54%$27.88
5.52%$1.59
8.19%$175.27
2.41%$0.88069
15.92%$0.291848
10.81%$0.00024658
-0.72%$0.239823
1.94%$0.535072
3.98%$0.998819
-0.01%$1.56
3.98%$3,412.71
2.68%$0.670936
12.92%$5.59
2.56%$1.88
5.77%$6.11
1.75%$3,787.13
2.65%$2.46
9.26%$3,568.83
2.52%$97,830.00
-0.93%$0.163179
1.76%$1.13
0.78%$97,497.00
-0.49%$1.054
2.98%$3,490.72
2.46%$0.41509
0.69%$1,664.88
2.33%$1.48
-0.10%$99.42
7.37%$21.80
12.35%$11.71
5.33%$0.0351074
18.86%$69.85
3.32%$10.89
7.17%$0.00000146
23.50%$314.96
-0.67%$0.578773
17.76%$0.849693
13.78%$0.0262234
27.49%$1.36
8.61%$0.578538
9.09%$0.02300482
6.24%$0.02299856
2.87%$1.15
2.59%$0.762949
1.18%$1.12
-0.98%$1.52
15.88%$6.15
10.69%$6.86
9.42%$3.16
-0.17%$97,733.00
-0.78%$0.433134
15.32%$0.00000265
1.90%$269.52
-0.42%$1.11
14.50%$0.174012
3.67%$14.41
4.81%$3,381.69
2.01%$12.67
9.79%$36.14
7.05%$0.522291
14.95%$1.39
4.49%$3.88
0.63%$97,664.00
-0.87%$96,720.00
-0.49%$1.30
7.89%$0.00004666
3.52%$0.803377
-1.16%$3,502.16
2.28%$259.25
-0.44%$0.432867
4.51%$1.37
3.28%$5.35
4.40%$0.00978518
-1.46%$0.731737
5.45%$40.84
5.10%$0.180637
11.52%$0.00809783
10.48%$0.054586
12.89%$0.808923
-9.52%$0.086492
10.69%$49.52
113.17%$0.99903
0.11%$0.00182152
1.06%$0.214679
9.27%$48.92
6.83%$0.00750325
1.45%$0.265291
8.90%$273.43
3.43%$3,401.73
2.45%$1.52
15.81%$2.10
11.30%$20.77
6.23%$0.797827
8.74%$2.15
5.02%$2,722.38
0.27%$3,399.26
2.38%$0.0001215
3.68%$0.098189
5.84%$0.00960502
1.52%$2.28
13.20%$0.99607
0.11%$0.01395418
4.78%$3,682.14
2.27%$0.495873
6.48%$0.165765
6.72%$1.68
16.15%$1.32
3.26%$0.197221
5.83%$0.581308
10.23%$0.286207
9.61%$33.32
3.68%$0.999788
0.10%$3,396.33
2.22%$64.01
6.09%$0.076777
13.35%$0.507782
6.41%$0.07943
-1.08%$2.25
1.09%$96,571.00
-1.56%$2,726.95
0.24%$1.072
0.68%$0.00773489
1.06%$0.00000025
2.46%$96,941.00
-1.88%$0.566444
9.53%$3,386.28
2.23%$2.78
7.46%$1.23
25.10%$0.00143825
-2.13%$0.0000005
2.71%$1.001
0.16%$97,627.00
-0.68%$3,399.39
2.23%$0.376983
6.49%$8.43
0.38%$0.070764
3.73%$3.57
-1.87%$0.02441158
10.43%$0.00868925
9.49%$0.246316
7.02%$3.72
-2.17%$0.796644
8.10%$3,646.03
2.75%$1.067
-0.31%$0.01426782
6.17%$12.19
11.54%$2.02
13.27%$2.11
13.38%$1.001
0.23%$0.457436
1.55%$3.90
5.20%$0.04552251
5.81%$1.033
5.85%$3,395.94
2.17%$0.616283
10.05%$0.238546
14.18%$3,557.09
2.33%$0.00238024
8.26%$1.00
0.07%$8.52
5.30%$48.60
-3.16%$0.39681
35.06%$0.00504094
5.31%$1.002
-1.13%$33.76
13.54%$3.78
9.49%$1.063
-0.16%$6.53
-0.57%$96.00
-0.88%$0.399424
-26.96%$1.035
16.78%$0.461986
3.48%$0.03890308
12.91%$3,756.02
2.37%$3.69
5.83%$0.430623
18.31%$0.00
6.65%$0.381617
3.25%$1,963.98
-1.02%$0.335976
2.11%$0.249139
8.16%$1.007
0.46%$0.381243
-7.55%$0.02536074
11.77%$97,458.00
-1.06%$0.71086
5.86%$0.0063185
2.39%$4.69
1.11%$3,533.39
0.51%$0.894248
2.26%$0.367477
-8.90%$0.03746601
-1.69%$58.21
16.30%$0.03647602
6.47%$0.514082
11.24%
Asset manager Ruffer Investment Company is the latest “traditional finance” firm to hop on the Bitcoin bandwagon.
The London-based company today said in an update to shareholders that it allocated 2.5% of its Multi-Strategies Fund to Bitcoin.
Ruffer Investment Company allocated in December 2.5% of its portfolio to bitcoin as insurance "against devaluation of the world's currencies. Bitcoin diversifies investments in gold and inflation-linked bonds."
Ruffer is a traditional asset manager.https://t.co/PLXlizz1Tk
— Alex Krüger (@krugermacro) December 15, 2020
According to Ruffer, Bitcoin is going to be the saving grace when the world’s major currencies struggle.
“We see this [Bitcoin investment] as a small but potent insurance policy against the continuing devaluation of the world's major currencies,” the company said in the note.
“Bitcoin diversifies the company's (much larger) investments in gold and inflation-linked bonds, and acts as a hedge to some of the monetary and market risks that we see.”
Ruffer manages around $20.3 billion in assets. Its clients are mainly individuals and families, pension funds and charities, according to their website.
Their Multi Strategies Fund has about $620 million in assets—meaning that roughly $15.5 million would be allocated to Bitcoin.
The company is the latest in a recent string of traditional investment and tech firms to hedge its bets with Bitcoin. In June, business intelligence software firm MicroStrategy kicked things off by announcing it would place large amount of its reserve assets in Bitcoin. All in all, the company now has more than half a billion dollars in Bitcoin.
In October, Jack Dorsey's Square invested $50 million in Bitcoin. And just last week, MassMutual announced it had purchased $100 million worth of Bitcoin.
Wall Street and hedge funds around the globe are taking an interest in the currency as they see it as a useful alternative asset—just like gold.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
