IN BRIEF: Ruffer Investment co-manager Hamish Baillie steps down

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Ruffer Investment Co Ltd - investor aiming for positive total annual return of at least twice the Bank of England base rate - Says Hamish Baillie has decided to step down from his role as co-manager of the company, and from his work as a partner at Ruffer LLP, at the end of July. Baillie is departing to ‘pursue other opportunities’, firm says. Duncan MacInnes will continue as manager. ‘I know I leave with the business in great shape,’ says Baillie.

Current stock price: 303.00 pence

12-month change: up 6.5%

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