UK - One of Britain’s top fund managers, who correctly predicted the recent share sell off, has said that it was only a taster, and that he is confident an “earthquake” will hit markets “within months”. Jonathan Ruffer, who oversees billions of pounds of savers’ cash and has a personal fortune of around £400 million, was last year revealed to be the mysterious buyer of $200 million worth of insurance to protect his portfolio from a rise in the volatility of American shares. When the US stock market began falling earlier this year, these contracts started to net Ruffer substantial gains, cancelling out losses from other investments.