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Business & Finance

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

  • UK fund manager Ruffer Investment Management has shifted around $675 million of its clients’ fortunes into bitcoin, an investor memo seen by Reuters shows.
Published December 16, 2020 Updated December 16, 2020 07:02pm
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By Reuters
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LONDON: 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.

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