Jonathan Rover retirement 30 years after the investment company

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Jonathan Rover, co -founder of the investment company bearing his name, will step down as president at the end of the year after more than three decades in the London -based business.

Ruffer, 74, will focus instead Charitable obligations in Auckland Bishop -Country in northeastern England-The company said. Henry Maxi, the co -investment official of Ruffer, will become president since the beginning of next year, in addition to his current position.

Jonathan Rover’s departure is a symbolic transformation in the company, which runs 19 billion pounds of assets. The work was established in 1994, along with Robert Sherley, Earl Ferrers XIV, who retired as an executive in 2021.

Ruffer has started to back down more than a decade ago. He stood as an executive in 2010, then reorganized the company to pass more responsibility to its working partners, the younger generation of investment managers.

The company, which helped it, is famous for its defensive sites, as it runs an absolute return strategy aimed at generating returns regardless of market performance. He runs a handful of money based on this strategy and also has wealth management work.

Over the course of 30 years, its average strategy has returned by 8 percent a year after all fees and charges, the company said.

Jonathan said: “The timing of such a decision is never easy, not at least because it raises the clear question – why? Now? The company is in a break, and this is a sufficient reason.”

He added that over the past fifteen years, “stay away from the center” to hand over its roles as an executive president and chief investment officials “to make room for the better, and in their eyes, smaller models from me.”

Chris Bacon, CEO, said that since the beginning of his delivery in 2010, Jonathan has been “continuing to care for talented investors, develop leaders and share ideas and wisdom.”

Its strategies helped maintain the customer’s wealth during the market storms, as it returned to 16.8 percent in 2000 when the Dotcom bubble exploded. The revenues reached 16 percent in 2008 at the time of the global financial crisis, and 16.7 percent in 2020, when the Coronvos virus was shook the market.

However, the pioneering total Rover box stumbled in 2023 and 2024.

According to Citywire, it has achieved 8 percent so far this year, compared to an average of 6.1 percent in similar funds.

The company said that it will continue to donate 17 percent of the profits per year to support the charitable reasons for Jonathan. He will continue his work in Auckland ProjectCharitable Foundation Renewal focusing on arts and culture.