GQG is one of the world’s leading Global and Emerging Markets investors which manages more than $92 billion in client assets as of January 31, 2023.
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Why it is in the news?
GQG Partners recently bought stake in Adani Group worth Rs 15,446 through secondary block trade transactions.
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Why this investment is important for Adani?
This investment by GQG Partners is crucial because is the first major investment in Adani Group after a stock route caused by Hindenburg Research's report.
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Where is it based?
GQG Partners is headquartered in Ft. Lauderdale Florida, with offices in New York, London, Seattle and Sydney. It is listed on the Australian Securities Exchange.
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The man behind GQG Partners
The firm was founded by Rajiv Jain in June 2016.He is also the Chairman and CIO of GQG Partners
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What's Rajiv Jain's investment mantra?
"Our goal is quite simple: to compound our clients’ capital over time. To do this, we need to protect assets in difficult markets and participate in rising markets."
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Alright, who else is part of the A team?
Tim Carver is the CEO of GQG Partners and he has built boutique investment firms for over 15 years. In earlier stints, he had co-founded Northern Lights Capital Group.
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What's GQG's investment split across the Adani Group?
Rs 5,460 crore went to Adani Enterprises, Rs 5,282 crore to APSEZ, Rs 1,898 crore to Adani Transmission and finally Rs 2,806 crore to Adani Green Energy.
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