Ruffer Investment Company Limited (RICA.L) is a UK-listed investment trust managed by Ruffer LLP that seeks to achieve positive returns in all market conditions through a defensive investment strategy focused on capital preservation and low volatility. The company offers investors access to a diversified portfolio including a range of asset classes such as equities, fixed income securities, gold, index-linked bonds, and alternative investments like credit instruments and strategic holdings; it employs tactics like selling volatility and using cash for opportunistic purchases to protect against downside risk. Headquartered in London, England, and founded in 2004, Ruffer Investment Company primarily serves institutional and retail investors across the United Kingdom and internationally through its closed-end fund structure listed on the London Stock Exchange. Operations are concentrated in the UK with global asset exposure managed by Ruffer LLP, an independent investment manager with no parent company. Recent developments include sustained performance amid market volatility, with the company reporting assets under management exceeding £1.5 billion as of late 2025 and maintaining its core strategy without major acquisitions, partnerships, or product launches in the past 1-2 years.