View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
December 16, 2009

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

By Spear's

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

Content from our partners
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight
Meet the females leading in the FTSE

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network