Is this £406m investment guru the mystery buyer of ‘stock market crash insurance’?

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/

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