UK fund firm Ruffer piles $675 million into bitcoin in ‘defensive move’ -memo

FILE PHOTO: Representations of Bitcoin and pound banknotes are seen in this illustration

LONDON (Reuters) – UK fund manager Ruffer Investment Management has shifted around $675 million of its clients’ fortunes into bitcoin, an investor memo seen by Reuters shows, in one of the largest signals of rising institutional interest in the digital currency this year.

(Reporting by Sinead Cruise, Tom Wilson, Anna Irrera)