Ruffer Investment Company Limited (RIC) consolidated its status as an “all-weather” strategy by posting a 5.0 percent and 6.7 percent gain in its net asset value (NAV) and share price respectively during April, according to its latest monthly report.

This is the second consecutive month that the self-styled “alternative to alternative asset management”, managed by Hamish Baille and Duncan MacInnes from Ruffer LLP’s Edinburgh office, has generated positive returns.