Can upmarket British fund boutique Ruffer recover its allure?

Fund boutique Ruffer has always prided itself on making investments that go against the herd, boldly marketing its approach as “deliberately different”. But its contrarian stance has left the investment house delivering such poor returns over the past two years that even cash has performed better. At the heart of Ruffer’s thesis was the conviction … Read more

NASA’S Lunar Trailblazer Hitches Ride to the Moon to Map Water for Astronauts

Feb. 28: This article was updated to include an announcement on Thursday night from NASA about the status of the Lunar Trailblazer spacecraft. The moon is not bone dry, scientists now know. But how many drops of water will thirsty astronauts find? No one knows for sure. A robotic NASA spacecraft called Lunar Trailblazer, which … Read more

German spending plans lift bond market’s growth forecasts

The dramatic rise in Germany’s financing costs this week is far from a rejection of Friedrich Merz’s fiscal bazooka, investors say, with many believing the chancellor-in-waiting’s spending plan can boost growth without stretching Berlin’s finances beyond a sustainable level. German Bunds had their biggest one-day sell-off in decades on Wednesday as markets adjusted to a … Read more