Ruffer Investment Company (RIC), a London-listed closed-ended investment company, is to launch a share offer to raise £166.61 million to fund new investments.

This reflects buoyant investment demand for RIC’s shares which are currently trading at a premium to net asset value (NAV).

Managed by Ruffer AIFM Limited, RIC intends to issue 56,190,854 new shares at 296.5p, a 2.0 percent discount on the closing share price on the 15^th of November. 

Existing shareholders will be able to buy one share for every four they own. Should they wish to purchase more shares, they can take advantage of an exce...