Interesting article out of the UK about what Ruffer who is one of Britain’s leading fund managers and oversees billions of pounds of savers’ cash and has a personal fortune of £406m. He is reported to be ‘stockpiling’ insurance against a market collapse.
The investor who has been hedging using VIX Option contracts on the US market was unidentified until recently. He had been dubbed “50 cent”, after the well-known rapper and musician (and because the contracts are priced at 50 cents each) . Was recentlly identified in Financial Times as Jonathan Ruffer who oversees the Ruffer investment house. Read more at: http://www.telegraph.co.uk/investing/shares/406m-investment-guru-mystery-buyer-stock-market-crash-insurance/
How will you keep your investments protected?