Tel: Ruffer biggest investor in Moulton's new PE firm - Spear's Magazine

Tel: Ruffer biggest investor in Moulton’s new PE firm

Ruffer Investment Management, the investment fund run by John Ruffer, is the largest investor in Better Capital, Jon Moulton’s new private equity firm, which floats on Aim on Thursday.

Ruffer Investment Management, the investment fund run by John Ruffer, is the largest investor in Better Capital, Jon Moulton’s new private equity firm, which floats on Aim on Thursday.

 

Ruffer, one of London’s best known money managers who famously called the recession as early as 2004 and has close links to hedge fund tycoon Crispin Odey, has taken a 29.5pc stake in Better Capital. Ahead of the listing, Better Capital has raised £142.4m, which will be used to target turnaround situations in the UK and Ireland thrown up by the recession.

Mr Moulton will play a leading role and several potential deals have already been identified.

Other investors in Better Capital include BlackRock with 9.8pc, Scottish Widows with 9.8pc and Aviva with 7pc. Mr Moulton himself has a 10.5pc stake after putting his own cash into the business, the first since his shock resignation in September from Alchemy Partners, the private equity firm he co-founded. In September he walked out after a row about strategy with the new chief executive.

To read the full story, visit telegraph.co.uk



 

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