Steve Russell

Investment director

Steve Russell is an investment director at Ruffer LLP. He graduated from Oxford in Philosophy, Politics and Economics and started work as an equity analyst at Confederation Life in 1987, where he became head of equities in charge of £5 billion of equity funds.

In 1999 he moved to HSBC Investment Bank as head of UK and European equity strategy, before joining Ruffer in 2003. He became a non–executive director of JPMorgan Fleming Continental Investment Trust in 2005 and is co–manager of the LF Ruffer Total Return Fund.

Articles by this author:

Going, going, gone: Private equity buyers snap up UK companies, but investors don’t care

What can they see that we can’t? Private equity bids for UK companies are soaring, while at the same time the UK stock market languishes at valuations well below US peers.

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Inflation protection—What’s the right recipe?

Inflation is in the news again. Many prices are rising even before we can physically get out and spend, and governments are pouring vast amounts into the economy.

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Evoking memories of the South Sea Bubble… both bad and good

We all know that 2020 was an incredible, and terrible, year. The pandemic caused the worst recession for centuries, along with an appalling death toll and suffering. Meanwhile financial assets pushed ever upwards, surfing a wave of liquidity meant to counteract the impact of the pandemic.

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You can’t tax your way out of this: Chancellor Sunak will need a Plan B

The coronavirus pandemic has hit public finances like a war. Across the world governments have scrambled to offset the economic and social impact of the virus. Huge, and necessary, rises in public spending have pushed government deficits to levels not seen since the two world wars of the 20th century.

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Coronavirus recession—who’s most at risk?

February saw concerns over coronavirus truly go global, as cases emerged across Europe and the US, shattering the illusion that this was an infection limited to China.

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