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UK fund firm Ruffer piles $675 million into bitcoin in 'defensive move' -memo

12/16/2020 | 07:57am EDT
FILE PHOTO: Representations of Bitcoin and pound banknotes are seen in this illustration

LONDON (Reuters) - UK fund manager Ruffer Investment Management has shifted around $675 million of its clients' fortunes into bitcoin, an investor memo seen by Reuters shows, in one of the largest signals of rising institutional interest in the digital currency this year.

(Reporting by Sinead Cruise, Tom Wilson, Anna Irrera)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO 1.60% 33548.84 Real-time Quote.39.89%
BITCOIN - UNITED STATES DOLLAR 1.44% 39618.47 Real-time Quote.35.09%
RUFFER INVESTMENT COMPANY LIMITED 0.35% 286.5 Delayed Quote.8.56%
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