Rajiv Jain, co-founder and Chairman of GQG Partners, is one of the new entrants in Forbes` wealthy listing with a internet really well worth of $2 billion. GQG Partners these days made headlines for purchasing stocks really well worth Rs 15,446 crore in Adani Group companies like Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Transmission Limited and Adani Enterprises Ltd thru block offers in March.
The billionaire chairman of the Fort Lauderdale-primarily based totally asset control corporation owns sixty nine in keeping with cent of GQG Partners – really well worth roughly $2 billion. The organisation became co-based with the aid of using Jain and the corporation`s CEO Tim Carver in 2016. According to a Forbes file from closing month, the corporation has $ninety two billion in belongings below control.
After its funding in Adani companies, Jain stated in a name to newshounds in Adelaide that they're in all likelihood to boom their funding withinside the conglomerate. "Chances are we`ll probable purchase extra due to the fact we commonly provoke a role after which relying on how matters cross and the way the profits come thru we generally tend to get it to complete length due to the fact we are now no longer at complete length at this point," stated Jain.
WHO IS RAJIV JAIN?
Born in India, Jain pursued accounting at Panjab University in Chandigarh, and a master`s in finance on the University of Ajmer. He left for Miami to pursue an MBA in finance and global enterprise withinside the early 90s.
He labored as an global fairness analyst at Swiss Bank Corporation earlier than becoming a member of Swiss asset supervisor Vontobel. He served because the Portfolio Manager in Vontobel from October 1994 to May 2016. He became given extra duty of Chief Investment Officer withinside the organisation in January 2002.
According to his LinkedIn profile, Jain became the “sole Portfolio Manager of International Equities strategy (due to the fact that 2002) and Emerging Markets Equities strategy (due to the fact that 1997) and lead Portfolio Manager for Global Equities strategy (due to the fact that 2002)”. He has been credited with constructing Vontobel`s enterprise from much less than $four hundred million below control to simply below $50 billion in 2016.
In 2016, Jain co-based GQG, with a focal point on global, global, US and rising marketplace equities. GQG manages billions of greenbacks for extra than 1,000 institutional buyers get entry to the globe.
GQG PARTNERS INVESTMENTS
Apart from the Adani Group, GQG has investments in numerous Indian companies – 34 in keeping with cent of its $nine.nine billion rising markets fairness fund is invested in India, consistent with a Forbes file.
The organisation has investments in Mukesh Ambani`s Reliance Industries, State Bank of India, Housing Development Finance Corp, ICICI Bank and ITC. Its price range additionally keep positions in French strength fundamental TotalEnergies, that obtained 25 in keeping with cent minority hobby in Adani New Industries Ltd in 2022.
