London-based Ruffer LLP, the discretionary investment management partnership launched by Jonathan Ruffer in 1994, has maintained its position as one of the most profitable institutions active in the UK wealth management sector.

Pre-tax profits amounted to £138.56 million for the year to 31 March 2023. This is a £9.87 million or 7.67 percent increase on the £128.70 million reported a year earlier, according to its latest annual report and accounts.

With turnover inc...