CORRECT: Ruffer Reports Negative Total Return

(An item published at 1242 BST on April 2 has been corrected after company issued a revised interim management statement.)

LONDON (Alliance News) - Ruffer Investment Company Ltd Friday reported a negative total return between the start of January and the end of March.

Net asset value per share decreased to 205.6 pence at the end of March from 212.1 pence on the first day of January. The company recorded a negative 2.3% total return net of fees and expenses during the period. Its objective return is 0.25%, twice the time-weighted Bank of England base rate over the period.

Since inception on July 7, 2004 the company's total return is 143.6%, while the time-weighted Bank of England base rate return is 63.3%.

Ruffer shares were Friday quoted quoted at 209.01 pence, flat.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

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Ruffer Investment Company